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Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
Office: 740-965-1966
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Sold for $21,006 Sold

Florence
Florence, KY 00000

Residential
Property Photo
1/4

Sold

Sold for $21,006

Description

Knights Inn - 115 Rooms Interstate I-75 location, financing available with $300,000 cash down. The hotel is located off an interstate highway. The area surrounding the motel is a busy commercial area with numerous other hotels, restaurants, gas stations and retail businesses. The owner is no longer able to operate the property and the bank says to sell it now. The hotel is presently being managed by a management company and this provides the new owner/operator who can provide hands-on operational supervision with a tremendous opportunity to reduce expenses and increase profitability. Financing available with $250,000 cash down. Last renovation was in 1999.

Features

  • ADR 7/31/05: $30.98
  • Amenities: Outdoor pool
  • Corridor: Exterior
  • Financials:: 7/31/05
  • Floors: 1
  • Lot Size: 5+ Acres
  • Occ % 7/31/05: 55.46%
  • Rm Rev 7/31/05: $800,000
  • Rooms: 115
  • Type: Economy
  • Year Built: 1986 remodeled 1999

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