Services - Hotels & Other Lodging

Asking Price	$2,950,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1999
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

SELLER IS EXTREMLEY MOTIVATED!! The Econo Lodge Inn & Suites is a 61-room, two-story, interior-corridor property located in the largest city in Northeastern Nevada. The city of Elko is situated on Interstate 80 about Four hours from Salt Lake City and four hours from Reno. Elko has been labeled as "Nevada's Top Micropolis" because of the region's strong economic base consisting of mining, manufacturing, tourism and quality of living. Gold mining is the region's major industry benefiting from the world's largest gold mining company conducting business in Elko. The Econo Lodge was built in 1999 with solid construction and has been maintained extremely well throughout the years. It was ranked the #2 choice franchise property in the region. Property offers guests microwaves, refrigerators, coffee makers, continental breakfast, guest laundry, one and two-bedroom suites with wet bar and many other amenities. Currently the motel is absentee-owned with tremendous upside in income potential for an owner/operator. The county has planned nine new housing projects along with several new retail centers and numerous other businesses. The 60-acre trucking and rail service transportation hub will be opening up in spring 2008. The city of Elko is a county seat and offers residents a hospital, regional airport, convention center and a college.