Historical Hotel & Motel Sale Listing - FORMER RAMADA INN AIRPORT HOTEL

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FORMER RAMADA INN AIRPORT HOTEL

1100 WEST SOUTH BLVD, Montgomery, AL 36105

N/A

159 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
159
Building Size:
89,400 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Economy/ Limited Service
Property Use Type:
Vacant/Owner-User
No. Stories:
4
Lot Size:
3.90 SF
Listing ID
15972722
Last Updated
over 1 year ago

Highlights

  • REAL ESTATE AUCTION - FEBRUARY 11th - NOON - ONSITE
  • PUBLISHED RESERVE PRICE IS $765,000
  • HAS BEEN FORECLOSED AND IS READY TO OPEN
  • SELLER FINANCING AVAILABLE WITH 30% CASH DOWN!
  • ANNUAL REVENUES APPROACHED $1,000,000 PRIOR TO FORECLOSURE.

Description

REAL ESTATE AUCTION - WEDNESDAY, FEBRUARY 11th - ONSITE AT 12 NOON

PUBLISHED RESERVE PRICE: $765,000

SELLER FINANCING AVAILABLE WITH 30% CASH DOWN!

PROPERTY DESCRIPTION. A newer Hotel Facility of Approx. 159-Rooms with excellent selection of King Rooms, Double Doubles & Suites. Large Meeting Rooms for Multiple Events plus Restaurant, Lounge, Exercise Room, Outdoor Pool; and other amenities.

BUSINESS OPPORTUNITY. Opportunity to re-open Hotel & operate as Private Brand or pick Hotel Franchise of your choice. Great upside potential at opening Bid of $3,500± Per Key. Buy at a fraction of replacement cost at Your Price! Title Company Escrow & Title Services provided.

OPERATING REVENUES. Gross Receipts exceeded $1,000,000 prior to 2008 foreclosure. Annual Revenues approached Prior to Hotel Operation being closed and Property being Foreclosed, the following available records show:
2004 Gross Receipts at $1,053,361
2005 Gross Receipts at $989,244
2006 Gross Receipts
For Six Months at $532,348

FORMER RAMADA INN AIRPORT HOTEL. 1100 W. South Blvd., Montgomery, AL 36105, at Exit 168 off I-65, just 2.5 mile from Airport; 4 miles from Maxwell Air Force Base, Scott Fitzgerald Museum and Hank Williams Museum. A 4-Story interior corridor hotel ready for re-opening subsequent to recent foreclosure. Substantially furnished and nearly ready for business.

ON-SITE INSPECTIONS: Thursday, January 29, from 12 Noon to 2 P.M. Thursday, Feb. 5, from 12 Noon to 2 P.M, Tuesday, Feb. 10, from 2-4 P.M. Please call Gordon Greene at for more details and to schedule an appointment.

PLEASE WHEN RESPONDING FOR MORE INFORMATION, PLEASE INCLUDE YOUR MAILING ADDRESS AND MORE INFORMATION WILL BE SENT TO YOU VIA US MAIL. THANK YOU.

Map of 1100 WEST SOUTH BLVD, Montgomery, AL 36105 (Montgomery County)

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