Historical Hotel & Motel Sale Listing - Howard Johnson Express

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Howard Johnson Express

405 Highway 2, Leavenworth, WA 98826

N/A

41 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
41
Building Size:
15,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
No. Stories:
2
Year Built:
1991
Lot Size:
14,791 SF
Parking Ratio:
1 / 1,000 SF
Listing ID
13797960
Last Updated
over 1 year ago

Highlights

  • Very stong newly renovated motor inn.
  • Great highway visibility.
  • Perfect owner operator opportunity
  • Seller financing to qualified buyer.
  • Howard Johnson Express Franchise
  • High Quality of Life location

Description

Leavenworth as Washington s Bavarian Village and having been honored in 2003 by the A & E television network as The Ultimate Holiday Town USA , combined with a growing meeting demand and a proposed $300,000,000 Neutrino research facility is becoming one of the States fastest growing science and holiday destination areas.
The Howard Johnson Express is a very attractive 41-unit motor inn that is well maintained and offers the pleasure and commercial guests state of the art room accommodations. It provides ample covered and open parking, complementary breakfast, indoor/outdoor pool, and indoor spa. The guest rooms are well appointed featuring coffee makers, iron, ironing board, microwave, refrigerator, fireplace (6), writing tables, data ports, satellite television, individual safes and motion sensing utility controls. The Howard Johnson Express franchise is part of the sale and can be transferred by the franchiser to a qualified new owner.
This property, after renovation has steadily improved its occupancy, average rate and revenue performance.

Leavenworth is located approximately two and one half hours from Seattle, Wa. on Highway 2. It is scenically situated in the Cascade Mountain range along side the Wenatchee River. It has a strong lodging market with limited opportunity to add new rooms. It is a market with strong summer and winter seasons peaking in August and December. The Leavenworth market occupancy average for limited service lodging is 45%. With the expected increase in occupancy to the market average levels, this investment offers exceptional upward opportunity for both the investor seeking to add predictable positive cash flow to an existing portfolio; and, to an owner operator.

Map of 405 Highway 2, Leavenworth, WA 98826

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Created 10/28/2003