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Location
Key Details
$1,990,000.00
Hotel/motel
21,326 SQ.FT
1988
Creighton
Description
This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Sales are $858,000 in 2024 and $758,000 in 2023, and Occupation Rate is 62.8% in 2024 and 55.4% in 2023. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager's suite with three bedrooms and a full bath. The restaurant space is currently leased, and it boast an impressive CAP rate of 20.60%
Listing courtesy of Boyes Group Realty Inc.
More Info
City: Creighton
Square Footage: 21326
Year Built: 1988
Type: Hotel/motel
Heating: Air Conditioning, Hot Water
Land Size: 1.19
Total Acres: 1.1900
Sale Type: Assets
Listed By: Boyes Group Realty Inc.