American Business Brokers
Phone: 314-313-1521
Hotel - 100+ Rooms - Independent
- Listing Id: 0385
- Broker Name: Jon Davito
- Category: Hotels and Motels
- Asking Price: $1,950,000.00
- EBITDA: $200,000.00
- Real Estate: $749,950.00
- Cash Flow: $250,000.00
- Inventory: $30,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $834,000.00
- FF&E: $8,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Adams County
- State: IL
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Three story brick hotel with conference center has great views of the Mississippi River. More than 100 interior corridor rooms, indoor pool, breakfast room and more. Owners have spent lots of money on interior upgrades and it shows!! The conference center is used for business meetings, weddings and parties. Restaurant on site is leased and pays you $750 per month plus 15% or gross income. Contract with Railroad is guaranteed income. 2014 sales were $834,000. Hotel has two manager apartments and 3 family suites. Seller has moved from the area and is motivated.
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