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Laker Inn 990 Maple St 53 Room Hotel Russell Springs, KY 42642 $1,999,999 ($37,736/Room)

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Investment Highlights

Commercial Lot on 127
large parking lot

Most all rooms renovated

Executive Summary

A compelling turnkey investment opportunity, locally owned Laker Inn, was constructed in 1989. A 55-key hotel, Standard King and Double rooms. Most all rooms renovated. Large parking lot with a commercial lot on 127. The hotel offers space for a large breakfast area and conference room or fitness center. Many opportunities to grow this business.

Property Facts

Price	$1,999,999	Building Size	19,960 SF
Price Per Room	$37,736	No. Rooms	53
Sale Type	Investment	No. Stories	2
Property Type	Hospitality	Year Built	1989
Property Subtype	Hotel	Parking Ratio	3.21/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	1.90 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,999,999
Price Per Room	$37,736
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.90 AC
Building Size	19,960 SF
No. Rooms	53
No. Stories	2
Year Built	1989
Parking Ratio	3.21/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.