Price Reduced! 2-Motel Boutique Portfolio • 9% Cap Rate
Private beach access • 2,000 sqft penthouse/STR opportunity • Located on Geneva's famous Strip
Marketing description
• Investment opportunity in 2 boutique motels totaling 32 units + 2,000 square foot penthouse.
• Both motels are sold unencumbered by franchise - no franchise fees or liquidated damages.
• Properties carry a 53.6% NOI margin, presenting opportunity for future owner to cash flow with continued seasonal
operations or to grow revenue and NOI with expanded booking window.
• Asking price: $2,400,000. Seller is highly motivated and will consider all reasonable offers.
Investment highlights
• Motels are located 0.2 miles away from one another, both along the highly sought-after Geneva-on-the-Lake Strip.
• Pete’s Motel includes a 2,000-square foot penthouse with 3 beds and 2 baths. Penthouse could be used as an owner suite or used as a short-term rental.
• Both properties are run 5 months of the year and have potential for year-round operation.
• Both properties have been extensively renovated, including new mattresses (2021), vinyl plank (2021), metal roof (The Palms - 2023), flat rubber roof (Pete’s - 2021), washers & dryers (2021), and HVAC (2022).
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