Best Western – 44 Room 4 Star Hotel w/ 12% Cap Rate !! $3.5M
This Hotel was built in 1999, 44 unit, exterior-corridor, two story. Wood frame and brick veneer exterior with an angled roof. Outdoor pool, business center, complimentary breakfast, 24hr front desk and High speed WI access throughout the motel. The guest rooms features flat screen TV., microwaves, refrigerators, and upgraded granite vanities. Current owner installed all new AC on all the rooms and replaced old sign to new one. This property features a large two story manager’s living quarters, it has two bedrooms, an office, two full and one half bathroom.
This property had extensive renovation and upgrades. The hotel has steady history and very strong cash flow. Excellent condition!! Very close to new Super Walmart that just built.
Commercial mortgage guru, 12+ Years in the real estate business with over 120 successful transactions. Financing commercial real estate, and funding small businesses for start-up, expansion, and growth.
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