Super 8

Price: $1,975,000

Location: MD

Units: 50

PRICE REDUCTION

Property Overview:

This 50-unit limited service Super 8 is ideally located at the intersection of two major Interstates in Maryland and is priced to sell under 3.0 times.

The facility, built in 1986, consists of 50 guestrooms in (1) two-story building.  The property also includes a lobby, front desk area, guest laundry, breakfast room, and space available for owner / manager’s living quarters, all of which is situated on +/- 1.115 acres of land with excellent accessibility and visibility from a major U.S. Highway.

Physical Features: 

  1. Two-Story
  2. Guest Laundry Facility
  3. Space available for owner/ manager’s living quarters
  4. Interior & Exterior Corridor Design
  5. +/- 1.115 acres of land (fee simple)

Investment Considerations:

  1. Ideally located just off a major U.S. Highway at the intersection of two Interstates, and within close proximity to an array of area demand generators
  2. Excellent opportunity with a first-time buyer
  3. Priced well below replacement cost at $29,900 per unit
  4. Very good physical plant with recent renovations to include new roof systems, exterior upgrades and paint
  5. Absentee “Out of State” ownership
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