Airport Location – Comfort Inn & Sleep Inn
Location: United States -> Michigan -> Flint
Industry: Hotels and Holiday Accommodation > Hotels
Businesses for sale Summary
Located at the intersection of I-69 and I-75 in the heart of Flint, just three miles from Bishop International Airport. This Flint, MI hotel is close to a number of notable area attractions and points of interest, such as the Flint Cultural Center, The Whiting auditorium and the Genesee Valley Center mall. The Flint Institute of Arts, Flint Institute of Music, Alfred P. Sloan Museum, Whaley Historical House Museum, Flint Children’s Museum, Bluebell Beach, Mott Lake, University of Michigan-Flint, Prime Outlets – Birch Run mall and historical Frankenmuth are also nearby.
Centrally located in the heart of everything that this beautiful area has to offer. There are restaurants and cocktail lounges located within walking distance. Some local restaurants include Applebee’s Neighborhood Grill & Bar, Chi Chi’s Mexican Restaurant, Bennigan’s Grill & Tavern, Bill Knapp’s and Don Pablo’s. Features & Amenities:
– Sleep Inn with 60 Guest Rooms and Comfort Inn with 79 Guest Rooms.
– Recent Renovation on Both Properties.
– $1.85 MillionExpected Room Revenue.
– Up 14% over 2006.
– Cap rate in Excess of 14%.
– Shared Indoor Heated Pool.
– Fitness Center.
– Meeting Rooms.
– Guest Laundry.
– High Speed Internet.
Several Franchised Restaurants within walking distance:
– Applebee’s.
– Bennigan’s.
– Fudruckers.
– Lone Star Steakhouse.
– Don Pablo’s.
– Subway.
Contact for confidentiality agreement and more information on the Comfort Inn & Sleep Inn for sale.
Financials
Asking Price Range: $5.0M – $10.0M
Gross Revenues: $1,850,000
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1989
Number of Employees: 20 – 34
Relocatable: No
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
