Hotel - 48 Rooms
Location:
United States
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Louisiana
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Southeast Louisiana
Industry: Hotels and Holiday Accommodation > Hotels
Business Summary
Nice hotel is located in a large city that is intersected by two major interstate highways. Hotel is located in the downtown area of the town which is a very nice, safe area. Hotel is 23 years old. It is two stories. The bottom floor was completely refurbished and remodeled and the same is currently being done to the upstairs. Building has a nearly new roof. Because of the shortage of housing rentals in the gulf coast area after Hurricane Katrina, the hotel only rents on a weekly basis. Hotel consistently maintains a 90% plus occupancy rate.
Hotel is located in a city that is a great place to live and raise a family. There is abundant, affordable housing and very good public schools. Town is fast growing and considered an affluent suburb of a major metropolitan city just a few miles and a few minutes down the interstate.
Seller will thoroughly train new owner on this very easy to own and operate business. Seller is ready to retire and will consider offers. Seller will seriously consider and promptly respond to all reasonable offers. Hotels of this size and capacity are popular and hard to find. This one won't last long! Come see, make offer. Contact for more information on this Hotel for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$400,000
Cash Flow:
$300,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1984
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Available.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Hotels business for sale.
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Print Listing Id: 70060703
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