Welcome or Register

Welcome

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you and tell you how I can serve all your hotel real estate needs.

Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
Office: 740-965-1966
Contact Me
Back to Home Page
Sold for $111,816 Sold

11020 Milan Road
Milan, OH 44846

Residential
Property Photo
1/10

Sold

Sold for $111,816 on Nov 18, 2016

Description

EconoLodge - 43 units Excellent for Owner-Operator or First Time Buyer * Easy-To-Manage Property * Profitable * Room Revenue $367,841 * Priced at 2.6 Times Room Revenue * Excellent motel for owner-operator or first time buyer * Small, easy-to-manage property * Profitable with good cash flow * Small PIP from franchisor * Priced at 2.6 times room revenue

Features

  • Acres: 1.314 acres
  • ADR: $59.41
  • Amenities: Outdoor Pool
  • Corridors / Floors: Exterior / 1 Floor
  • No. Rooms: 43
  • Occupancy: 39.5%
  • Price per Room: $22,674
  • RevPAR: $23.43
  • Rm Rev Multiplier: 2.6
  • Room Revenue: $367,841
  • Total Revenue: $381,661
  • Type: Limited Service
  • Year Built: 1986

house realtor mls

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu