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Economy Hotel Drayton 502 W Highway 66 25 Room Hotel Drayton, ND 58225 $690,000 ($27,600/Room)
INVESTMENT HIGHLIGHTS
- INDEPENDENT ECONOMY PROPERTY
- DISCOUNT TO REPLACEMENT COST
- UNENCUMBERED OF DEBT & MANAGEMENT
- 30 GUESTROOMS
EXECUTIVE SUMMARY
CALL FOR OFFERS: MARCH 7TH 5:00PM EST ALL OFFERS WILL BE PRESENTED.
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Drayton totaling 30 rooms. Located in Drayton, North Dakota, the Property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotel with existing in-place cash flow. Please contact broker for more details on this opportunity.
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Drayton totaling 30 rooms. Located in Drayton, North Dakota, the Property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotel with existing in-place cash flow. Please contact broker for more details on this opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS Under Contract
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 25 | $70.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 293330000 | Improvements Assessment | $150,145 |
| Land Assessment | $42,648 | Total Assessment | $192,793 |
PROPERTY TAXES
Parcel Number
293330000
Land Assessment
$42,648
Improvements Assessment
$150,145
Total Assessment
$192,793
CONTACTS
-
Mihir Chokshi -
Jeremy Cabe -
Matt Wilkins -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel Drayton | 502 W Highway 66
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