Real Estate
SUPER 8 – Oskaloosa, IA Shows Increases in 2011 Revenue & NOI!
2011 RR – $432,300 2011 NOI – $153,000 49 Units, 2-Story, Interior Corridor, Absentee Owned Bank/SBA Financing with 20% down payment View Property Details
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PRICE REDUCTION – Budget Inn & Suites; Des Moines, IA
Price Reduced to $1.9M 2011 Total Revenue of $690,000 2011 NOI of $190,200 Owner Financing Available with 15% down for qualified candidates Run as an Independent or Howard Johnson flag available View Property Details Here
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SBA opens new doors
Most of us in the hotel bidness have heard or read about the new SBA 504 and 7 (a) enhancements passed recently in HR 5297. The highlights of the bill increased the maximums under the SBA 504 and 7 (a) loans to … Continue reading
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Good News!!! Development pipeline has slowed.
According in todays issue of Hotel News Now, STR/TRW/ Dodge is reporting a year over year decline of 24.2% in hotel construction starts. Every bit of positive news is helpful in today’s hospitality environment. I told one of my best … Continue reading
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STR forecast somewhat encouraging
Smith Travel Research, through its on-line daily e-news publication Hotel News Now, released its projections for year end 2010, with two of the three major indicators predicted to increase. Year over year occupancy and RevPar are both expected to increase by approximately 4.3%, … Continue reading
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