Investment Overview

• Mazili Hotel Group is pleased to offer this unique conversion opportunity. The hotel consists of 97 rooms spread over two concrete block buildings with an outdoor swimming pool. the hotel offers a large manager’s apartment with two bedrooms and a kitchen. The property is a former Super 8 and it was last renovated in 2006. The hotel is a great fit for investors who are looking to convert the property to a weekly rental or longer stays, or even convert back to a franchised brand. The property is selling at below replacement costs.

The Opportunity

• The property has operated as an independent hotel under absentee ownership, missing out on the area's growth potential. New owners have the opportunity to transform the property into a franchised brand and take advantage of the high demand for rooms in the vicinity. According to STR reports, the occupancy rate in the area stands at 65%, with an Average Daily Rate (ADR) of $90 and Revenue Per Available Room (RevPAR) of $59.

Investment Highlights

• 99 Unit exterior corridor hotel Outdoor swimming pool Manager’s living quarter Interstate 295 location Near shopping, retail stores and Restaurants Great conversion opportunity to long-term stay facility Possible owner financing with a minimum of 30% down payment