Services - Hotels & Other Lodging

Asking Price	$18,500,000	Inventory	incl*
Gross Income	$4,452,772	Real Estate	incl*
Cash Flow	$1,911,671	Year Established	1988
FF&E	incl*	Employees	N/A

* included in the asking price

** not included in the asking price

Three hotels for sale or sale/leaseback

Three nationally franchised hotels with exceptional cash-flows for sale with an assumable bank loan with a 6.74 percent interest rate. Can be purchased individually or as a portfolio. All three are currently receiving "A's" from the franchisor. Located in Jackson, WY with 94 rooms at $11,500,000; and 64 rooms in Cody, WY for $4,700,000; and 94 rooms in Coeur d'Alene, ID for $3,200,000. As a portfolio, the price is $18,500,000. Revenue in 2008 totalled $4,452,772, and NOI totalled $1,911,671. Assumable loan with an interest rate of 6.74 percent for 7 years until maturity. Will consider outright sale, or sale/leaseback with $5.0M down, with terrific returns for the buyer.

Facilities: Currently receiving A's with the on-site inspections from the franchise company. All three are in very good condition and are very nicely kept. Same owners and managers for many years.

Competition: Jackson and Cody are both located within 60 miles of Yellowstone Park, and enjoy considerable summer tourist revenues. Jackson is also a winter ski resort. Couer d'Alene is one of the fastest growing communities in the west, with a terrific economy.

Financing: Assumable bank financing for seven years