Services - Hotels & Other Lodging

Asking Price	$3,750,000	Inventory
Gross Income	$841,828	Real Estate
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

New Motel listing in No. Maine. (50) plus room property with Internal Corridors in excellent condition - the property has (28) new rooms with the rest completely refurbished; small lounge, excellent commercial laundry facilities; a brand-new Conference/Meeting Room designed to be converted to Owner's Quarters, or (4) additional motel rooms; public water & public sewer. Enough land to double the number of rooms. Cement block with brick facade construction. Excellent location off I-95, with great visibility. Could be converted easily to a franchise property. Best motel in Town! Gross Income last year (2008) prior to the completion of (15) rooms and the conference room was $841,000.

Competition: This is the best motel in town, with the best location and has the best visibility from the Interstate. The motel is in the best condition with several new rooms for a total of (50+) rooms with additional expansion possible. Also just added a 23 ft. x 63 ft. conference/banquet/meeting room (this room has been designed to either be converted to owner's quarters - or (4) additional guest rooms!

Growth/Expansion: The land is large enough to expand to 100+ rooms - ideal for franchise conversion - could convert to a full-service property as there is demand for a good dining facility.

Support/Training: Minimum of 2 - weeks on-site training upon closing of title.

Reason Selling: Pursuing another business interest in a different market area.