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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
Location/Market
Physical Plant
Financials
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
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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!
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