Investment Overview

The Nevarez Group of Marcus & Millichap solicit offers to acquire the fee simple interest of the 59 room American Best Value Inn, located in City Centre of Holbrook town. The American Best Value Inn is a fully operational motel, being operated as an extended stay hotel. Currently, Seller has obtained month to month contracts with the VA. The American Best Value Inn also has a non-operating restaurant. Seller is in the process to convert into a Laundry Mat. Opportunity to either keep the restaurant for other use for future income. The hotel is being operated by a single manager and is fully occupied with a waiting list. Seller started the process to convert the hotel from a C-2 General Commercial into Mix-Used Zoning or approve Special Overlay District. Process has stopped and is on hold for a new owner to decide what the best use is for them. This property is an add-value opportunity with huge upside. Currently, the property is making over $35,000 per month with projections to make over $450,000.00. The asking price brings this property to a 13.02% cap with a proforma of 15% when fully stabilized and property improvements have been completed.