Tag Archives: real estate

Hotel Sold: 147-Unit Best Western Metro Center Inn in Phoenix, Arizona

Principal Broker for newGen Commercial Realty, Dinesh “Dan” Rama, is pleased to announce the sale of the 147-unit Best Western Metro Center Inn in Phoenix, Arizona. The property includes an outdoor swimming pool, spa and 4,000 square feet of meeting … Continue reading

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Know The Numbers. Don’t Be a Sucker

“My database is quite strong and we get a million hits per month.” Week after week I hear a version of this statement during numerous calls from real estate brokers. I shouldn’t be surprised considering this was one of our … Continue reading

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Ohio Hotel for Sale | Full-Service Independent Hotel with Downtown Location

Jeff Brock of Colliers International Hotels presents the 166 guestroom, full-service, independent hotel for sale in downtown Canton, Ohio. The McKinley Grand Hotel is a former Marriott that is priced less than 25% of replacement costs. The hotel is offered … Continue reading

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New Mexico Hotel for Sale | Motel 6 Priced at 18.9% CAP Rate and 1.9X Room Revenue

Danny Givertz, Vice President of Hunter Hotels, presents a 105 guest room Motel 6 in Albuquerque, New Mexico that is priced at an 18.9% CAP Rate and a 1.9X trailing 12 room revenue. The property is corporately owned has been … Continue reading

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Texas Hotel for Sale | Hampton Inn & Suites with a 19% CAP

Subhash Naik of Swoboda Hospitality Specialists has listed another high revenue generating hotel in Center, Texas. The Hampton Inn & Suites is a brand new, 66 guest room hotel. It opened in May of 2011 and as of the end … Continue reading

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Colorado Hotel for Sale | Ramada Downtown Denver

The 153 guest room Colorado hotel for sale is the Ramada Downtown Denver. It is listed with Danny Givertz, Vice President at Hunter Hotels. The hotel is priced at a 10% CAP and has upward trending revenues. It is near … Continue reading

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California Hotel for Sale – Comfort Inn

Asok Agarwal of ReMax Commercial has listed the 58 unit Comfort Inn located in Ridgecrest, California. The property currently has an 11%+ CAP Rate. The two-building, two-story property was built in 1970 and recently renovated in 2004 and 2009. It … Continue reading

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Award Winning Wisconsin Hotel for Sale

The 70 guest room Days Inn located in Hurley, Wisconsin is the winner of 5 Starbursts and Chairman’s Awards. It is in immediate proximity to numerous demand generators in this year-round resort town with nearby lakes and mountain ranges that … Continue reading

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Michigan Hotel for Sale Including Entire City Block

Russ Rodgers of HotelBrokerOne has listed a 53 guest room Michigan hotel for sale located in Iron Mountain. The property sits on 1.97 acres and takes up the entire city block. There are two other buildings that are included in … Continue reading

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