Country Squire Inn & Suites


Price:
$595,000

Address :

Midwest


  •  Ability to affiliate with franchise
  •  Great owner/operator property
  •  Priced well below replacement cost
  •  Limited competition in market
  •  Additional income derived from lease of restaurant to long-term tenant
  •  Property currently operates as an independent. Potential franchises could include Knights Inn, Motel 6, Red Roof Inn, Rodeway Inn and Travelodge.
      
  •  Coshocton sits along the US Route 36/Ohio Route 16 corridor, midway between Pittsburgh, Pennsylvania and Columbus, Ohio.
  •  The community supports a diverse economic base that generates over $500 million in revenues.
  •  Close to Regional Demand Generators, Including...
    •  0.5 Miles to Clary Gardens
    •  0.8 Miles to Historic Roscoe Village
    •  2 Miles to Coshocton Lake Park
    •  4.9 Miles to Kids America
    •  6.2 Miles to Supreme Council to the House of Jacob (national headquarters)
    •  14.2 Miles to Pearl Valley Cheese
  •  50 Rooms
  •  Jerry’s Restaurant (Leased)
  •  Lounge
  •  Continental Breakfast Area (Seats 12)
  •  Wireless Internet
  •  Oversized Vehicle Parking
  •  One Commercial Building with Lobby & Restaurant (Leased)
  •  One 2-Story 50-Room Hotel with 1st Floor, Exterior Corridors & 2nd Floor, Interior Corridors
  •  Wood Frame Structure
  •  Brick & Wood Facade
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot
  •  Built 1978
Financials
2015
2015
2016
T-12Mos 8/17*
Occupancy
22.66%
21.02%
22.74%
14.48%
Average Daily Rate
$52.80
$55.70
$53.01
$56.19
Room Revenue
$218,348
$213,634
$220,645
$148,885
Total Revenue
$259,345
$263,617
$261,833
N/A
Net Operating Income
$3,365
$16,577
$42,597
N/A
*Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!