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
