Best Western Troy Inn

Best Western Troy Inn


Pike, Alabama
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Asking Price $350000 Ad Number 70Q7eEp
Year Established 2008 No. Of Employees 12
Ad Posted By Neil Patel
   
The Best Wester Troy Inn is a 2 year old property with 53 rooms. All the rooms have 32 inch flat screen LCD televisions. The rooms are very nicely decorated and have a very upscale look. The manager's apartment is fully furnished and included a private washer and driver, stainless steal appliances in the kitchen, and 42 inch flat screen TV in the living room. Over the past two years we have built up the business to a mediocre amount. Currently we are looking to sell our 60% ownership in the hotel for $350,000. The current mortgage on the hotel is 3.2 Million. The new owner will have to take over the current mortgage along with the other owners. This property is very nicely built and has the opportunity for great improvement in the area of revenue. An experienced onsite manager/owner can make this hotel into the best hotel in the Troy market. The hotel is located on the north side of HWY 231. The busiest non-interstate highway in Alabama. Every year millions of travelers travel through HWY 231 on their way from and to Florida. We are also located 2 miles from Troy University. Much of the hotel business is from school groups, family and friends who come to attend events at Troy University.
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