This 117 room, limited service Hotel (restaurant is leased out on a long term lease) is a consistent cash generator. Year after year the Hotel has enjoyed steady occupancy and gross room sales revenue above $1,400,000.
The Hotel enjoys great year-round business in both Winter & Summer.
High Gas Prices are NOT affecting this Hotel’s room sales. This hotel is doing great and rooms sales are high this year.
The Hotel features exterior corridors and was built in 1972.
The Hotel is in absolutely excellent condition and was recently upgraded and remodeled. Tens of thousands of dollars were spent to update rooms and the building exterior.
This hotel has been operated and maintained by an owner that has taken pride in maintaining the property in good condition.
The hotel was originally constructed as a Ramada Inn in 1972 and the property features the typical interior/exterior corridor design.
The atmosphere invites repeat visitation by customers that have been coming to this hotel for many years.
The hotel's food and beverage facilities are leased out to an operator that has been at this location for many years. The restaurant is one of the best in town. The restaurant leasee pays the hotel owner a percentage of gross restaurant sales.
Location: The hotel is located at the entrance of a National Park that draws about 1,000,000 visitors annually, so the repeat business is fantastic.
Interstate Billboards and Road Signs: The hotel has more than 20 billboards located on Interstate I-20 which brings in a good and stable customer base year after year.
Customers: The government owned Waterways Experiment Station is located near the hotel and is the headquarters of the US Army Engineers Research and Development Center (ERDC). The hotel gets government business as well as many tour buses that go to the National Park which is located just steps away from the hotel.
Other hotels: There are roughly 40 hotels (including Bed & Breakfasts) in the town. The town draws much business from I-20, the National Park, and the 3 local casinos.
Management: The Hotel property is managed by the Seller. There are no management contracts and there are no Franchise Affiliations.
2004 Hotel Financial Facts:
Rooms Revenue - $1,460,064
ADR - $59.28
Price: $3,700,000. Owner/seller is requesting reasonable purchase offers. The owner is selling because of advanced age and he wants to retire.