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Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
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Sold for $80,210 Sold

1120 East Main Street
Bellevue, OH 44811

Residential
Property Photo
1/5

Sold

Sold for $80,210 on Aug 2, 2010

Description

Bellevue Hotel & Suites - 83 units Excellent Condition Independent Hotel The Bellevue Hotel & Suites is an independent hotel located along US Highway 20 in Bellevue, Ohio, and close to Cedar Point Amusement Park in Sandusky, Ohio. The hotel has 71 standard guest rooms and 12 two-room suites in a separate building. The property has been well maintained and is in excellent condition. Since this is an independent hotel with no franchise affiliation, the operating costs are considerably lower than a similar franchised hotel. The property is currently owned and operated by a large management company. This is an excellent opportunity for an owner-operator or first time buyer to purchase a good quality hotel at below market price.

Features

  • Acreage: 2.86 acres
  • ADR: $47.75
  • Amenities: 2-Room Suites, Lounge/Bar, Indoor Pool, Game Room
  • Corridor / Floors: Interior and Exterior / 2 Floors and 1 Floor
  • Occupancy: 29%
  • Price Per Room: $12,048
  • RevPAR: $14.42
  • Rm Rev Multiplier: 2.3
  • Room Revenue: $436,759
  • Total Revenue: $497,467
  • Type: Limited Service
  • Year Built: 1970, 1985

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