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Comfort Inn & Suites - Great 1031 Exchange Property

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Property Overview

The trailing 12 months room revenues thru Sept '09 are $18,728 on a per room basis - still very strong considering the economy and a 99 room direct competitor having opened in Nov. '08. The out-of-state absentee owners are considering relocating from the region. On a YTD thru Sept '09 basis the owners have only visited the hotel four times. The hotel's GM has completed Choice Hotels Hospitality Operations Sucess Training and may be an option for a new absentee owner.

Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

Property Highlights

Asking Price:
$3,900,000
Location:
An in-town location on a US Highway within a community of around 25,000.,Confidential
Property Description:
Limited Service
Number of Rooms:
60
Major Source of Business:
Commercial, groups, weekend guests, special events
Site Size:
1.0+/- acre site
Year Built:
2005
Last Year Renovated:
Unknown
Common Area Amenities:
Indoor pool and hot tub. Large breakfast room with dividing sound transmission curtain.

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2009 Year Ending
  • 63.50%
  • $76
  • $1,011,815
  • $66,102
  • 3.85
  • 0.00
  • $17,132
  • 0.00%
2008 Year Ending
  • 74.10%
  • $83
  • $507,883
  • $1,351,722
  • $1,378,083
  • $66,102
  • 2.95
  • 7.68
  • $22,911
  • 13.00%
2007 Year Ending
  • 72.90%
  • $81
  • $572,392
  • $1,305,460
  • $1,330,039
  • $66,102
  • 3.08
  • 6.81
  • $22,126
  • 14.70%
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Location


Confidential, (Confidential)

Listing Broker

Bruce V Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
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Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

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