Owner Financing is Available!
Business Overview:
This busy, recently renovated limited service franchise hotel is located off of a major interstate in Central Indiana at a well populated exit. It is up to date with all necessary improvements. PIP for a new owner is expected to be approximately $200,000. There are less than 65 rooms in this 3-story interior corridor hotel with meeting facility and pool / whirlpool. It is close to Indianapolis, Indiana and located in a vibrant community. There are several large employers (manufacturing, hospital, university, entertainment, etc) and a strong business community. Revenue is down in 2011 due only to an average of three rooms being closed for renovation through the end of April, and a local business that was shut down for a few months. Revenue for the remainder of 2011 is expected to be higher than the previous year. Assumable SBA Loan available. The Real Estate is owned by the Seller. The facility is located on 1.99 acres of land. The Seller is selling the Real Estate at fair market value. Also listed is a 2 acre lot in front of the hotel for $400,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Moving out of state
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.