Hotel with Immediate Growth Potential For Sale

Business description

Great opportunity to step in and immediately profit from hotel business. Current absentee management group has not utilized reservation system and advertising methods to full financial potential, but well-known and heavily advertised brand will lend substantial support and reservations to new owner. Beautiful 93 room hotel within minutes of Mohegan Sun Casino, Mystic Aquarium, Mystic Seaport, Connecticut College, US Coast Guard Academy, Essex Steam Train, Foxwoods Casino, Mashantucket Pequot Museum and local beaches. Amenities include: * Outdoor Pool * Banquet Area * Over 1,800 square feet of flexible meeting room space * Free High Speed Internet * Vacant Restaurant (turnkey, needs operator) * Washer and Dryer on site Revenue derived from rooms and business center. With an operator, turnkey restaurant can also generate income.

Property information

Real Estate:

Lease

Lease terms:

Rent is $3,382 per month with 33 years remaining.

Location:

Within minutes of casinos and tourist attractions.

Other information

Expansion potential:

Bring in operator to run turnkey restaurant, CRS (reservation system) is not utilized as well as it could be. Once utilized correctly, business will benefit greatly.

Support & training:

As needed

Reasons for selling:

Other business interests

Financing available:

None.