Econolodge
Hospitality | 43 Keys | $34,884/key
Marketing description
Fully remodeled and turnkey motel with modern upgrades throughout. The property has been successfully transitioned to a virtual/remote management model, minimizing owner involvement. Recently renovated, income-producing asset with streamlined operations. Consistently strong performance with near full occupancy over the past two years, demonstrating stable cash flow, high demand, and an excellent investment opportunity.
Investment highlights
Fully remodeled, turnkey motel with modern upgrades throughout. The property has been successfully transitioned to a virtual/remote management model, minimizing owner involvement and streamlining operations. This income-producing asset has demonstrated consistently strong performance, maintaining near full occupancy over the last few years, reflecting stable cash flow and high demand.
The property also includes a three-bed, three-bath owner's quarters. Currently generating approximately 30,000 annually, and additional income is not included in reported revenue. Additionally, the current franchise agreement with Choice Hotels is nearing completion, providing flexibility for a new owner to either continue with a brand or operate independently.
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