Historic boutique hotel with a proven niche market. Hotel is busy year round with harvesters, hunters, construction workers, truckers, bicyclists (on the national bike route), tourists, travelers, temporary area help, salesmen. Currently sixteen rooms are online and rent-able, of which all but one have private baths. Some of the decor is older, but certainly clean and functional. The lobby is large, attractive, and welcoming. There is plenty of parking, good road access, and good visibility.-additional fifteen rooms awaiting renovation
-computer and printer/fax machine
-on-site laundromat
-commercial ice machine
-high efficiency A/C and heating units
-supply room with all kinds of materials
-extra beds and furniture
-reservation system in place
-large basement
-over thirteen thousand square feet of space
-gas fire place in the lobby
-recent appraisal of $550,000
-Can gross a $100,000 a year in the current condition
Priced way below replacement cost, estimated to be $4,655,000 plus site costs (this is based conservatively at new construction prices of $350 per square foot).
We closed due to consistent long distance management issues. We recommend Buyer to live closely to track daily activity of the Hotel or have a way to insure policies are being maintained.
We are pursuing other business ventures and have decided to divest ourselves of this property.
$10,000 Down Payment, Hotel is listed at an OUTSTANDING price.