An opportunity to own a 40-room Branded (America’s Best Value Inn), operating motel, with ten apartments; excellent tenant restaurant, and retail space.
The owners are willing to consider the possibility of an alternative or creative financing with at least $350,000 down.
The breakdown of the asking price is as follows:
A 40-unit motel (America Best Value Inn)
40 units at $25,000 per unit = $1,000,000
Five rentable apartments at $20,000 = $100,000
Five non-rentable (need work) = 0
The restaurant’s monthly rent of $5000 X 12
is $60,000 at a 10% cap rate = $600,000
Storefront (vacant) = 0
Total price $1,700,000
Motel has outdoor pool, breakfast area, ample parking, updated lobby/reception area and other amenities
Owner seeks new opportunities.
Kindly contact Excel Business Brokers USA, Ltd. at your earliest convenience.