Super 8


Price:
$1,500,000

Address :
425 S West Street
Olney, IL 62450


  •  Established hotel with limited competition
  •  Ability to increase room revenue with renova-tion
  •  SBA financing candidate
  •  Ideal size and operating model for owner/ Operator
  •  Two-bedroom manager’s apartment
  •  Absentee ownership
  •  Offered at discount to replacement cost
  •  41 Rooms
  •  2 Stories, Interior Corridor
  •  Frame Construction
  •  Stucco and Brick Façade
  •  Standing Seam Metal Roof
  •  Concrete Parking Lot
  •  Wireless Internet
  •  Breakfast Area—Seats 10
  •  Business Center
  •  Oversized Vehicle Parking
  •  Two-Bedroom Manager’s Apartment Behind Front Desk
  •  Built in 1995
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2019
2020
2021
T-12Mos 10/22
Occupancy
44.36%
40.83%
42.16%
51.44%
Average Daily Rate
$57.58
$56.21
$57.59
$54.40
Room Revenue
$382,213
$344,393
$363,340
$418,815
Net Operating Income
$84,625
$66,680
$60,293
N/A
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!