Two Hotel Package - AmericInn & Hospitality Inn

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Seller:Corey Stender

Location:Wahpeton

Listing Num:48417844

Industry:Services: Hotel, Motel, Lodging

Asking Price:$3,200,000

Year Est.:1995

Employees:Not Disclosed

Yearly Revenue:$1,040,481

Yearly Cash Flow:Not Disclosed

Yearly EBITDA:$NA

Yearly Net Profit:Not Disclosed

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

Retiring

Overview of the Business:

These two hotel properties were both built in 1995, and the AmericInn is 45 units and the Hospitality Inn is 61 units. The Hospitality Inn was built as a Holiday Inn Express, and could be re-branded to an economy brand. North Dakota is a stong market for hotels. Through 2009 ADR is up and Occupancy is down slightly for these hotels. Revenues are holding.

Property Features and Assets:

The AmericInn is built with concrete construction. The Hospitality Inn is wood frame. Both hotels are well maintained, and represent a large share of the market.

Two Hotel Package - AmericInn & Hospitality Inn

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