Motel with Great Financial Upside For Sale

Business description

The Royal Colonial Inn is currently operating as a 64-guestroom property, including 2-suites, in the very midst of the busy city’s hotel and lodging center.

All guestrooms of the L-shaped, 2-story property, feature tub/shower combinations and cable TV. Heating and cooling is provided with individually controlled HVAC units, high-speed Internet access (not in all guestrooms available), a state-of-the-art telephone system and alarm clocks. Refrigerators and microwaves are available at request. Well-lit, easily accessible interior entrances assure comfortable access to each room without fear or stress. There is ample parking for vehicles of all types, with electrical hook-up possibilities in place for recreational vehicles.

A large Porte Cochere assures dry and secure access to the front lobby and guest registration area during any and all weather conditions. Quality accommodations for physically impaired guests are in place as well. Fax and copy service, a lobby computer station for Internet use, complimentary coffee and ice, a somewhat limited continental breakfast, truck parking, a garden area featuring a seasonal swimming pool, hot tub, lounges, tables, and benches are there for the guests enjoyment and use.

A profitable, coin-operated guest laundry is located around the corner from the front desk, as are soft drink and snack machines.

Property information

Living accommodation:

The property offers very nice, large and comfortable, two-bedroom - two bath, living quarters with a great open living room and kitchen for hands-on owners or managers. A well-equipped commercial motel laundry facility is in place too. Situated on approximately two-plus (2+) acres (+/-) of land, while upgrading is recommended, the facilities are in good condition.

Location:

About one-third of a mile (six blocks) north of Interstate Exit 177, the subject hotel occupies a very prominent position the length of a city-block, at the busy, traffic light controlled intersection of South Jeffers Street (U. S. Highway 83 and the city’s main north/south avenue) and Leota Street (south) and Francis Street (north). To the west, directly behind the hotel, and bordered by South Willow Street, W. Leota, and W. Francis streets as well, is the location of the 116-bed Great Plains Regional Hospital, the area’s regional medical center.

Directly across from the hotel, on South Jeffers, one will find the large Wal*Mart Supercenter®. Immediately to the Supercenter’s north, and separated only by E. Francis Street, is the location of the city’s main shopping center, the Platte River Mall, featuring more than 25 stores. Additionally, most national-chain restaurants, owner-operated full-service restaurants, shopping, offices, museums, theaters, and other services, are all within an easy-to-reach walking distance from the hotel.

Other information

Financing available:

Cash; SBA guaranteed Bank loan; or commercial financing. Seller may carry for qualified Buyer. Anton Hospitality will assist with the procurement of viable financing.

Related documents:

• 
• Property Brochure

Contact the seller