OUR ASSET:ECONOMY HOTEL DRAYTON
ASKING PRICE: $800,000
ABOUT THE ASSET
The Economy Hotel Drayton, located at 502 ND-66, Drayton, ND, offers a value-add investment opportunity with 30 guestrooms. This one-story, interior corridor property was renovated in 2022 and is being sold unencumbered by management and debt, providing immediate in-place cash flow. Situated in Drayton, North Dakota, this independently branded economy hotel offers significant potential for operational improvements and revenue growth.
STRATEGIC LOCATION
Located in Drayton, North Dakota, a growing area with demand for affordable lodging. This demand will only go up as population increases.RENOVATED PROPERTY
Recently renovated in 2022, ensuring modern amenities and minimal initial capital expenditures.STRONG CASH FLOW
Existing in-place cash flow with opportunities for revenue enhancement through strategic management.ABOUT THE HOTEL
- Unencumbered of Debt and Management: Offers flexibility for new owners to implement their strategies and optimize operations.
- Discount to Replacement Cost: Available at a substantial discount compared to current construction costs, providing immediate value.
- Fee Simple Ownership: Full ownership rights, offering long-term stability and control over the property.
- Single-Story, Interior Corridor Design: Ensuring ease of access and comfort for guests, enhancing overall guest experience and satisfaction.