FANTASTIC PURCHASING OPPORTUNITY
SELLING AS A CONTINUING OPERATING BUSINESS!

Lender owned 57 room hotel currently operating under the Econo Lodge banner. This is a 2 building full service hotel . This hotel appears to be on the best location in Chillicothe.

Building A is an “L” shaped building and was originally constructed in 1948. It contains 32 rooms and 8600 sf with exterior corridor room access. There are 20 first floor rooms and 11 second floor rooms which were added in the mid 1980’s. Most rooms currently have queen beds and several have king beds. All rooms have sm. Refrigerator, microwave, hair dryer, and wireless wifi. Complimenting this building is a large lobby with breakfast area, manager apt., and laundry/utility rm. facilities.

Building B was constructed in 1993 and contains 9688sf with 25 rooms and interior corridor room access. There is also a 30’x40’ meeting room, coin op laundry, and an in-ground swimming pool with handicap lift. There are 5 Jacuzzi suites in the complex.

The lot is 1.50 acres with frontage and curb cuts on both Washington St. (a major North South roadway) and Business 36. The property will be sold complete with all the furniture, fixtures, and equipment.

The hotel is located less than ¼ mile from I-65 and sits up on a hill making it visible to visitors coming into town. McDonalds, Taco Bell, Dairy Queen, and China Garden are all within walking distance. Other restaurants and entertainment venues are only a short drive away. WalMart is also within walking distance.

HOTEL STATISTICS

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PHASE 1 (PAGES 50-119)

ENVIRONMENTAL COLLATERAL SCREEN

AREA DEMOGRAPHICS

CRE APPRAISAL 4-24-14