Charming & Recently Renovated Motel

Business Overview:

Discover a unique opportunity to own a well-established motel on the main highway through town in Washington. With a booming population and tourist growth, the competition is scarce. The closest hotel to the west is about 40 miles and to the east it is 17 miles. Washington. With a history dating back to the mid-1960s, this property combines vintage appeal with modern updates. Recently renovated, it offers a comfortable and inviting stay for guests. The current owners bought it 8 years ago and have turned it around to the make it the exceptional place it is.

This property is an exceptional opportunity for those looking to invest in a blend of historical character and modern comfort in a vibrant community.

CAP Rate - 14.18

GRM - 4.21

ROI - 23.74%

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Manager's On-Site Residence: A convenient and comfortable 2-bedroom apartment is available for managers.

Historic Appeal: Established in the mid-1960s, the property exudes a classic, nostalgic charm.

Recent Renovations: Modern amenities and stylish interiors have been incorporated into the recently updated facilities.

Guest Accommodations: The property features 28 well-maintained rooms, designed for maximum comfort and convenience.

Prime Location: Providing easy access to local attractions and essential services.

Upgraded Facilities: Contemporary furnishings, enhanced amenities, and updated infrastructure are all part of the recent upgrades.

Turnkey Operation: The property is fully equipped and furnished, ready for immediate operation.

Market Competition and Expansion:

Competitive Edge: The unique blend of historic charm and modern upgrades positions the property favorably against competitors.

Targeted Marketing: Focus on appealing to both nostalgic and modern travelers, leveraging the property’s history and renovations.

Customer Loyalty: Emphasize exceptional guest experiences to build a strong repeat customer base.

Growth & Expansion:

Scalable Operations: The turnkey nature of the property allows for immediate operation, with potential for expanding services or amenities.

Market Penetration: Leverage the prime location to attract new customer segments and expand market reach.

Future Investments: Potential for further renovations or additions to capitalize on growth opportunities in the hospitality industry.

Reason for Selling:

Additional Details:

Relevant Links:

• View more Washington businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker