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Browse More Listings in Hotel & Motel For Sale, Southington, CT or Connecticut

Hotel / Motel For Sale

Lender REO - Red Carpet Inn & Suites

30 Laning Street, Southington, CT 06489

Price:
$2,900,000
No. Rooms:
72
Building Size:
35,000 SF
Price/Room:
$40,277.78
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Retail (land)
Commercial/ Other (land)
Full Service
Property Use Type:
Investment
Distressed:
Yes
No. Stories:
2
Year Built:
1965
Corridor:
Yes
Lot Size:
3.72 AC
Tax ID / APN #:
169027
Find Out More...

Last Verified 11/2/2009 Listing ID 16290410

Highlights

HUGE UPSIDE POTENTIAL AND VALUE-ADD OPPORTUNITY
Originally constructed as a Howard Johnsons - Large rooms, solid construction, interior corridors
Excellent I-84 Highway (Exit 32) Location, easy access and great exposure

Surrounded by NEW constructionin including new Restauarants, Dunkin Donuts, New Home Depot, New Price Chopper, Wal-Marts, Etc.
Conference Facilities can accomodate up to 75 people
Property has been poorly managed and has poor/meaningless financials to base Pro Forma.

Description

PENDING FINAL FORECLOSURE

NOTE ON ASKING PRICE

- $2,900,000 with some Seller Financing, OR
- $2,500,000 All Cash Offer.

PROPERTY:
- 30 Laning Street, Southington, Connecticut;
- Red Carpet Inn;
- 3.72 acres +/-;
- 35,000 sq. ft.;
- 72 guest rooms.

**** BROKERS WELCOME ***

Most notable is the subject' s location and proximity (less than 100 yards) to Interstate-84, which is the primary interstate highway (running north/south) through the State of Connecticut. The property features excellent accessibility and exposure on Laning Street, the main thoroughfare in the town of Southington, CT.

Attachments

Enhanced Listing Web Site

Room Mix Information

Description	No. Rooms	Avg. Rate
Average	72	$60

Map of 30 Laning Street, Southington, CT 06489 (Hartford County)

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Presented by

Lighthouse Capital Funding, Inc.

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Contact Listing Broker

Michael Ferretti (310) 230-8335

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Created 6/23/2009

Additional Information for 30 Laning Street, Southington, CT 06489

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Lender REO - Red Carpet Inn & Suites

30 Laning Street, Southington, CT, 06489