Flagged Hotel In Madison County For Sale

Description

Flagged hotel for sale with reported annual room revenue of approximately $3 million.

The property is currently operated under an absentee ownership structure.

Business details

• Annual room revenue: approximately $3 million
• Flagged hotel operation
• Absentee ownership
• Established operating property

The seller reports strong cash flow and relatively low overhead expenses.

A more involved owner may be able to improve operating performance through tighter cost control, revenue management, staffing oversight and local sales efforts.

The hotel benefits from an established location and existing demand, according to the seller.

Buyers should verify historical financials, occupancy, ADR, RevPAR, franchise fees, PIP requirements, management expenses, payroll, utilities, property taxes, insurance, deferred maintenance, franchise transfer requirements and the condition of the real estate during due diligence.