Services - Hotels & Other Lodging | Retail - Other Eating & Drinking Places

Asking Price	$21,000,000	Inventory	$200,000**
Gross Income	$11,678,000	Real Estate
Cash Flow	$1,764,000	Year Established	1969
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

Northeastern PA. The resort is a first class, full service Hotel. It is a landmark in the county, since it has hosted celebrities such as President Bush and the First Lady, and is the choice of national acts such as Aerosmith, Rob Thomas, Bob Dylan, Nickelback and Dave Mathews. It is conveniently located with access to three major thoroughfares. The site consists of over 17 acres of land. The resort has a total of 170 rooms with a guestroom mix of 94 King bedded guestrooms, 65 double bedded guestrooms, and 11 Suites. The hotel features six food and beverage outlets, one fine dining restaurant, 2 casual restaurants, 2 bars and one nightclub. There is 12,000 s.f. of meeting space including multiple banquet halls. The other amenities include an indoor pool, outdoor swimming pool, a large whirlpool, two outdoor lighted tennis courts, a basketball court, walking trails, a fitness center, a salon and spa and a business center. With a cap rate close to 9%, this is a very desirable property for an experienced operator. Occupany rate is approximately 70%. A.D.R is $95 to $100.

Financing: n/a

Reason Selling: Other business interests