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Value Inn Suites, Real Estate For Sale - South Lake Tahoe, California
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Profile: 62 Units Value Inn Suites Converting To Econo Lodge Renovation Almost Completed.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Dd Sharma, Agent
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| Primary Phone: |
707-365-9385 |
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| Alternate Phone: |
707-864-6181 |
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| DRE Number: |
01360459 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/5/09 |
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| Date Last Revised: |
11/5/09 |
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| BizBen Ad #: |
139712 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$2,700,000 |
| Down Payment: |
$20% |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
Over $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Price Reduced 200,000 For A Quick Sale -62 Rooms Motel Located In The Heart Of World Famous Ski Resort. Pls Visit Motel Website- 'affordablelaketahoe.Com' For Detail Info. The Motel Has Been Approved For An Econo Lodge Franchise. The Current Owner Has Spend Apprx 400,000 To Complete The Property Improvement Plan To Bring The Econo Lodge Flag As Soon As Possible. The Renovation Work Is In Progress Andis Almost Complete And The New Buyer Will Have The Advantage Of Choice Group Of Hotels Franchise And Central Reservation System Probably Oct/Nov 2009.
The Motel Is Under Performing Due To Work In Progress And Upside Down Economy. Though The Current Economy Is Hurting The Motel Industry But Once The Situation Changes The Motel Will Start Generating More Revenue Then What It Was Generating As An Independent. It Is The Most Sought After Hotel Due To Its Unique Kind Of Rooms With Heart Shaped Jacuzzi And Fire Places In The Rooms. It Has Been A Goldmine In The Past And As Is Evident From The Historical Data Has Been A Consistent Performer.
Located On The Lake Tahoe Blvd (Us Hwy 50), Only Two Miles From The Casinos. Close To The Gondola Rides And Heavenly Gondola Ski Resort. Please Take Advantage Of This Golden Opportunity To Get A Franchised Hotel At A Very Reasonable Price. The Chapel Building Has Two Chapels With A Capacity Of 15 And 50 Respectively.
Also There Is A Reception Hall Cum Conference Room With A Capacity Of 70-100 Persons With A Full Kitchen And Two Bathrooms Can Be Used For Small Parties, Conventions Or Hold Meetings. The Motel Has A Mix Of Rooms Which Include Honeymoon Suites With Heart Shaped Jacuzzi, Family Units, King Rooms, Queen Rooms, Two Double And Rooms With Queen And Single Beds.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Dd Sharma, Agent at 707-365-9385 or 707-864-6181 |
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