Hotel AG Announces Upcoming Call for Offers for End of June
Hotel Assets Group is announcing two upcoming calls for offer. The first call for offer will be on Wednesday, June 26, 2013, for the Super 8 in Charlotte, NC. For more information on the Super 8, contact either Rex Cagle at [email protected] and (770) 692-1605, or Trey Sheneman at [email protected] and (404) 966-4876. The second call for offer will be on Friday, June 28, 2013, for the Comfort Suites in Elkhart, Indiana. For more information on the Comfort Suites, contact Joe Jones at [email protected] and (770) 692-1605.
Super 8 – Charlotte, North Carolina, is an 80 room, 2-story interior corridor hotel. It is located off Interstate 85. It has a high actual occupancy. Both the occupancy, and the strong revenue, trend in positive direction. The Charlotte market is a high growth area with great diversification in multiple industries. It is the second largest financial center after New York City. Charlotte offers great quality of life and is ranked as one of the “Best places to live in America.” Price recently reduced to $2,995,000. Call for offers scheduled for June 26, 2013.
Comfort Suites – Elkhart, Indiana, January T-12 is up 7% in RevPAR year over year and showing strong continued upward trend. The property is a 53 room, 3-story, interior corridor hotel. The property opened in 2007 and is in excellent condition. The property is well located off of US 20 in southeast Elkhart, Indiana. This property is being offered on Fee Simple land at well below replacement cost. Call for offers scheduled for June 28, 2013.published: 06-21-2013