79 Unit Hotel

Location: United States -> South Dakota -> Pierre
Industry: Hotels and Holiday Accommodation > Hotels

Businesses for sale Summary

79 Units. 52 Daily Units and 27 Extended Stay Suites. Revenues on Extended Stays are about 1/2 and this revenue covers all the operating expense now. Facility in Excellent to Very Good Condition. Recent changeover to natural gas will reduce heating expenses 50%?. Supports manager on premises and has manager/owner apartment. Business generators: State government, corporations, Tourism, etc. Future bright! Do not call the Hotel. Owner not at Hotel. Call the Broker

Financials

Asking Price Range:  $1.0M – $2.5M
Gross Revenues:   $375,000
Cash Flow:   $150,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1964
Number of Employees:  6 – 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Owners have other properties. This property far away from Owners location