Business Summary:
Franchise Motel located in Charlotte, NC; Hwy I-85; Three floor motel; third floor interior corridor; first two floors exterior corridor; 20 years old property; Land 2.45 acres; 78 rooms new carpet; 68 rooms new bath tile; all bathtubs and sinks refinished; All furniture repolished; All new 27" TV; New Serta mattresses and box springs with warranty; All up to date rooms per franchise standards; Exterior swimming; Meeting hall and breakfast area; Total revenue in 2007- $1.1M; ADR $43.01; Occupancy 57.20%. Asking price $3.5M.
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