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Hotel-Motel

Rodeway Inn - Bolivar, TN

916 W Market St, Bolivar, TN 38008

Listing Price: $1,600,000

Cap Rate
11.98%
Number of Rooms
26
RevPAR
$48
Gross SF
10,000
Price/Room
$61,538
RRM
3.80
Price/Gross SF
$160.00
Year Built
1991

Investment Overview

This is a very attractive property with sound facility in excellent condition. Boasting a consistent 80% occupancy and having no other franchise competition, this is a solid earning property and would be an excellent entry-level acquisition, as well as a hedge against the inconsistent occupancy and higher overheads of midscale brands.

Investment Highlights

  • Very low competition! Very consistent business. This is the only flagged hotel in area.
  • 80% occupancy! Net to owner operator estimated at $150,000/ year.
  • Recently Updated Property with freshly sealed and striped parking area. Roof in excellent condition - just 3 years old.

Exclusively Listed By

Hotel-Motel

Rodeway Inn - Bolivar, TN

Listing Price: $1,600,000

Cap Rate
11.98%
Number of Rooms
26
RevPAR
$48
Gross SF
10,000
Price/Room
$61,538
RRM
3.80
Price/Gross SF
$160.00
Year Built
1991

Investment Highlights

  • Very low competition! Very consistent business. This is the only flagged hotel in area.
  • 80% occupancy! Net to owner operator estimated at $150,000/ year.
  • Recently Updated Property with freshly sealed and striped parking area. Roof in excellent condition - just 3 years old.

Investment Overview

This is a very attractive property with sound facility in excellent condition. Boasting a consistent 80% occupancy and having no other franchise competition, this is a solid earning property and would be an excellent entry-level acquisition, as well as a hedge against the inconsistent occupancy and higher overheads of midscale brands.

Exclusively Listed By

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