Auction begins on August 16, For all offers, please contact UR-COUSIN Emile Farah.

Hotel for sale in Kentucky

Starting Bid: $1,000,000 Square Footage: 320,740

Net Rentable Area:

320,740

Lot Size (acres):

5.62

Year Built :

2005

Number Of Buildings :

1

Number Of Stories:

6

Occupancy (%):

29.00%

The subject hotel derives 35% of its demand from commercial users, 35% from meeting and group, 25% from leisure, and 5% from extended stay. For the trailing twelve months ended April 2011, the property was 28.5% occupied with a $61.34 ADR and a $17.46 RevPAR. This compares with 44.4%, $74.88, and $33.25 for the competitive set, which results in a RevPAR penetration ratio of 53% for the subject. The property competed well relative to its competition until losing the Holiday Inn flag in 2009. The lack of a flag and the recent economic downturn have had a significant negative impact on the subject hotel’s operations.

For more information, contact UR-COUSIN Emile Farah at (305) 754-1000 or send an e-mail to farah@farahreacquisitions.com

E-Visas franchise Real Estate and Non-Real Estate investment opporunity

We  offer full management services with Apogee New Dawn.

Full service construction can be done with USA Lending & Realty

The expenses, taxes and NOI will be delivered to the investor once PROOF OF FUNDS AND THE non-disclosure-agreement is signed and sent via fax (305) 967-7208 or e-mail ur-cousin@usalendingandrealty.com Only cash buyers.

For more information, contact UR-COUSIN Emile Fara at 305-754-1000 or send an e-mail to farah@farahreacquistions.com

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