Thank you for your interest in the 94-room Quality Inn and Suites strategically located near major cities, including Quincy, Illinois, and 2 hours North of St. Louis, Missouri.
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Highlights & Location:
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Long term absentee ownership
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Prime location in the city
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This limited-service hotel has a fully operational bar and 4800 sq feet of meeting space.
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The hotel is currently underperforming the comp set running at an average occupancy of 59% at a $105 rate while the market is at 67% at $124 rate showing the upside with on-site management and operational optimizations.
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PIP estimated at $490k
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Corporate Generators:
General Mills
BASF
Watlow Electric Manufacturing Company
Hannibal Regional Healthcare System
Local Agriculture
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Demand Generators:
Mark Twain Boyhood Home and Museum
Mark Twain Cave Complex
Mississippi Riverfront
Rockcliffe Mansion
Hannibal Trolley Tours
Molly Brown Birthplace and Museum
Sawyer's Creek Fun Park
Riverview Park
Hannibal History Museum
Hannibal Arts Council Gallery
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LOAN & FINANCING: This hotel will qualify for a USDA, SBA 7A, SBA 504 loan with 20% down. H3O Capital with Hotel Brokers of America will be able to connect a new buyer with a direct lender directly.
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Missouri Broker of Record:Brian Brockman
Bor@bangrealty.com
MO DRE 2017032771
Bang Realty-Missouri Inc