Hotel for Sale MANCHESTER KENTUCKY COMMERCIAL AREA KY

52 Room Independent Motel in Manchester Kentucky

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52 Room Independent Motel in Manchester Kentucky | Property For Sale MANCHESTER KENTUCKY COMMERCIAL AREA KY

OWNER FINANCING ! 52 Room Independent Motel w/indoor heated pool

Hospitality real estate:

  • Country: United States
  • State: Kentucky
  • City/Area: MANCHESTER KENTUCKY COMMERCIAL AREA
  • Website: http://www.loopnet.com/Listing/363-Highway-80-Manchester-KY/3716297/
  • Asking Price: USD - 1,600,000
  • Last updated d/m/y: 8/5/2018
  • To contact the hotel owner or agent:
     
  • If you use other contacts provided by advertiser, please mention HotelBeam Hotels for Sale website.

Hotel Property for Sale Pictures

Entrance to Motel
Entrance to Motel
Lobby Sitting Area
Lobby Sitting Area
Breakfast Area
Breakfast Area
Front Desk
Front Desk
Indoor Heated Pool
Indoor Heated Pool
Guest Room With Jacuzzi
Guest Room With Jacuzzi
Guest Room Double Bed
Guest Room Double Bed
Guest Room Bathroom
Guest Room Bathroom

SUPER DEAL !!! OWNER FINANCING - 52 Room Independent Motel in Manchester,Kentucky. Seller will finance with minimum deposit of $350,000 down for 5 year term @ 6 interest rate. LOW Property Taxes only $17,000/year. Take over low mortgage payments of appx. $8800/month. Can take over operations in 2 - 3 weeks. No PIP. Excellent demand generators. Former Best Western Motel converted to independent in 2014. Indoor heated pool. Lot size is 1.4 acres. Refurbished in 2013. Red Roof Inn has approved conversion with no PIP needed. Seller will give purchaser furniture and TV's from 7 year old 64 room Holiday Inn Express Suites located 90 minutes from motel. Revenues very steady for last 10 years. Average $500,000/year with nice NOI between $100,000 - $125,000/year. Staff can remain for absentee owner or be an owner operator. No other motels/hotels in area. Located on busy Parkway about 20 minutes from London, Kentucky. Great starter Motel. Fully saturated profile on all 3rd party reservation websites.

To contact the hotel owner or agent:     If you use other contacts provided by advertiser, please mention HotelBeam Hotels for Sale website.

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