WESTERN MONTANA INN & SUITES
5 Guest Suites, 8 Kings, 29 Queens, 29 Double Queens
Luxury (owner or manager´s) Suite, Two Offices, Spacious Lobby Lounge
National Franchise * AAA * Indoor Pool & Spa * Meeting & Conference Rooms
Full Buffet Hot Breakfast Served in Spacious New Breakfast Room
IN ESCROW
- Total Building Area is 43,650 sq. ft. on 1.71 Acres
- Three Level, Brick Exterior, L-Shaped, Elevator & Interior Corridors
- Fully Sprinklered with Central Fire Alarm System
- Recently Seal Coated 40,000 sq. ft. Parking Area with 105 Parking Spaces, plus overflow
- Guest Laundry, Vending Room, Lobby ATM, Public Rest Rooms
- New CenturyTel Phone System, Wireless Internet, Numerous Capital Improvements
- Full Hotel Laundry (linens owned/two new washers), Housekeeping Office, Maintenance Shop
- Heat/Air in-wall Units, 2001 non-permeable membrane Roof, New Hot Water System
- City Water & Sewer, Professionally Landscaped with Automatic Watering System
upper level city/mountain view Conference Room with full kitchen
(CAN BE LEASED AS A RESTAURANT FOR ADDITIONAL INCOME)
Three Additional Meeting/Conference Rooms + Nine Storage Rooms
2006 ($50 ADR x 51% Occupancy) Gross $625,071
2007 ($64 ADR x 51% Occupancy) Gross $804,397
Net Operating Profit $291,255
National Franchise as of April 2007
2008 ($67 x 53%) Projected Gross $900,000 IN ESCROW
CASINO & SALOON
- Twenty Electronic Gaming Machines (18 owned)
- Ten New Gaming Machines were purchased in 2007
- Forty Seat Saloon & Sports Lounge
- Ten Big Flat Screen Wall Mounted Televisions
- Modern, fully equipped Bar
- New Ventless Deep Fryer serving popular appetizers
- All Newly Renovated in 2005 and 2006
- Adjacent Poker Room
2006 TOTAL INCOME $523,252
2007 TOTAL INCOME $563,542
2007 NET OPERATING PROFIT $196,493
Hotel is listed for sale at three times Gross Rooms Rental: |
$ 2,400,000 |
Casino and Saloon full liquor/gaming license (at market value): |
$ 500,000 |
Eighteen Electronic Gaming Machines (10 new in 2006 & 2007): |
$ 150,000 |
TOTAL PRICE Representing a 16% Rate of Return
(COMBINED HOTEL & CASINO NOI = $487,488) |
$ 3,050,000 FIRM |
Information Request Form
Please provide us with this basic information if you would like further details on this listing.
Full Name (First and Last): ______________________________________
Principal ___ Broker ___ (please check one)
Down Payment Available: $ _________________________
Phone Number: ___________________________
Comments: _______________________________________________________
________________________________________________________________
Email this information to: jsc@lodgeprop.com
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