Are you looking to purchase a hotel? Review the list below.
The SpringHill Suites in Stillwater, Oklahoma, built in 2019, is for sale at $6,750,000. This limited-service hotel has 81 guestrooms, spans 52,446 sq ft, and sits on a 79,714.8 sq ft lot. It offers a 40% discount on replacement costs, is in excellent condition, and has minimal PIP requirements. Key features include proximity to Oklahoma State University, major employers, and nearby cities. The property is currently underperforming, presenting an opportunity for increased revenue with improved management. Learn More Here
The Fairfield Inn & Suites in Pensacola, Florida, is listed for sale at $15,000,000. Built in 2019, this limited-service hotel features 87 guestrooms across four floors and occupies a 259,182 sq ft lot. The property offers a strong ADR market and potential for growth under new management. Key attractions include its proximity to Naval Air Station Pensacola, white sandy beaches, and historic downtown Pensacola. Financing options such as SBA 504 and conventional loans are available. Learn More Here
The Quality Inn & Suites in Hannibal, MO, is a 93-room, limited-service hotel for sale at $7.5 million. Built in 2003, the property includes a bar and 4800 sq ft of meeting space. It has a 59.91% occupancy rate with significant potential for improvement. The hotel qualifies for USDA, SBA 7A, and SBA 504 loans. Key nearby corporate generators and local attractions add to its investment appeal. The property is managed by Hotel Brokers of America. Learn More Here
The SpringHill Suites project details a new hotel development in the hospitality industry. This project, part of the Marriott International brand, is focused on providing all-suite accommodations designed to offer guests more space and amenities than typical hotel rooms. The website outlines the property's key features, including its modern design, spacious suites, complimentary breakfast, and fitness facilities. It also highlights the strategic location of the hotel, which aims to cater to both business and leisure travelers by being situated near major attractions and business districts. The development is projected to enhance the local economy by creating job opportunities and attracting tourism. The detailed specifications and contact information for potential contractors and suppliers indicate that the project is currently in the development or planning stage. This comprehensive overview serves as an invitation for stakeholders in the construction, hospitality, and service industries to engage with the project and contribute to its successful completion. Learn More Here