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Oct 18, 2016 10:35 EST

Express Inn Hotel: Hotel opportunity: Selling 50% equity for $1M, Operating & managing partners takes no salary, strictly profit & equity driven. Investors receive 100% of profit until investment is recouped. 3-5 year hold term.

iCrowdNewswire - Oct 18, 2016

Express Inn Hotel

Junction City, KS 66441, US
Real Estate

Hotel opportunity: Selling 50% equity for $1M, Operating & managing partners takes no salary, strictly profit & equity driven. Investors receive 100% of profit until investment is recouped. 3-5 year hold term.
Currently 45 unit independent hotel positioned to be branded as a Days Inn. $900k used to pay down mortgage debt, 100k to reposition to a franchised Wyndham hotel brand. Debt remaning will be 400k thru an existing SBA loan maturing in 2028.
Sales projection of $600k/year. Net profit after remaining 400k debt payment: 200k +

ROI: 20% cash on cash with a 5 year hold term

Exit Strategy: Sell hotel at 3 x revnues after 5 years for $1,800,000, paying off remaining bank debt of approx $300k, leaving $1,500,000 profit.
Investors receive 900k, almost doubling their investment in 5 years.

Products / Services

Hotel

Limited service hotel, southwest corner of Exit 296 in Junction City, KS. GREAT LOCATION.

 

Management

General Operating Officer
Daniel Bhakta

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
8 years, 1 month 5 REIT – Hotel/Motel

 

Company Type Stock Exchange Stock Symbol
Privately-Held
Contact Information:

Daniel Bhakta

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