Airport Location - Comfort Inn & Sleep Inn

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Listing ID: 70092128

Listing Title: Airport Location - Comfort Inn & Sleep Inn

Quick Link: http://www.globalbx.com/listing.asp?bId=92128

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: Michigan

Area

City: Flint

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $1,850,000

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1989

Number of Employees: 20 - 34

Business Description:
JUST COMPLETED EXTENSIVE RENOVATION! Located at the intersection of I-69 and I-75 in the heart of Flint, just three miles from Bishop International Airport. This Flint, MI hotel is close to a number of notable area attractions and points of interest, such as the Flint Cultural Center, The Whiting auditorium and the Genesee Valley Center mall. The Flint Institute of Arts, Flint Institute of Music, Alfred P. Sloan Museum, Whaley Historical House Museum, Flint Children's Museum, Bluebell Beach, Mott Lake, University of Michigan-Flint, Prime Outlets - Birch Run mall and historical Frankenmuth are also nearby. Centrally located in the heart of everything that this beautiful area has to offer. There are restaurants and cocktail lounges located within walking distance. Some local restaurants include Applebee's Neighborhood Grill & Bar, Chi Chi's Mexican Restaurant, Bennigan's Grill & Tavern, Bill Knapp's and Don Pablo's. Features & Amenities: - Sleep Inn with 60 Guest Rooms and Comfort Inn with 79 Guest Rooms. - Recent Renovation on Both Properties. - $1.85 MillionExpected Room Revenue. - Up 14% over 2006. - Cap rate in Excess of 14%. - Shared Indoor Heated Pool. - Fitness Center. - Meeting Rooms. - Guest Laundry. - High Speed Internet. Several Franchised Restaurants within walking distance: - Applebee's. - Bennigan's. - Fudruckers. - Lone Star Steakhouse. - Don Pablo's. - Subway. Contact for confidentiality agreement and more information on the Comfort Inn & Sleep Inn for sale.



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