Butte, Montana Motel For Sale

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Address: |
4655 Harrison Ave.
Butte, MT 59701 |
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Units: |
150 |
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Rate: |
80 |
| Asking Price: |
$4,800,000.00 |
Other
Features or Comments about
the Hotel / Motel / Bed &
Breakfast for Sale:
Fully equipped,
full service
hotel and
convention
center.
Built in the
late seventies /
early eighties,
opened in early
1984
Option #1,
Asking price of
$4,800,000.00 or
best offer, Will
carry up to 60%
for five years
at 5% or prime
plus 2%
whichever is
greater, will
negotiate.
Option #2, Would
consider selling
up to 30-35% for
around 2.7
Million,
$800,000.00
equity buy in
and
$1,900,000.00
would go to
capital
investment, 100%
of which would
go towards guest
room renovations
and public area
upgrades.
Estimated value
after upgrades,
$7,300,000.00,
Potential for
success go up to
90%.
Option #3, Wood
consider selling
the property
only to the
right buyer.
Priced at around
$250,000.00 to
#300,000.00 per
acre. Total
acreage, 14.5.
Owner would sell
off the existing
assets and turn
the property
over to the new
owners within
Currently there
are
($846,378.00)(projected
revenues) in
advance
reservations on
the books
through
2012/2013/2014.
Butte Silver Bow
Tax, Assessed
value
($6,379,600.00)
2011 property
taxes (
$38,107.71+84.86)
Two story brick
building,
Anderson windows
Green energy
certify building
Currently owed
on property,
$775,000.00 SBA
assumable lone,
$428,000.00 non
assumable bank
loan,
$250,000.00 non
assumable
personal loan.
Onsite parking
for over 450
cars, with an
additional 175
curb side
parking spots
It's really, the
only true
convention
center in Butte,
and or the
surrounding
areas within 120
miles
All beverage and
gaming license
including off
premise catering
endorsements on
both.
Current cost to
rebuild the
hotel at current
market numbers,
including
Building at
(175,000 sq. ft.
@ 100 per sq.
ft.=
$17,500,000.00,),
Property at
(14,5 acres at
$250,000.00 per
-acre =
$3,625,000.00),
and Furnishings
and Equipment at
(estimated at
$2,750,000.00)
Total net cost
to rebuild would
be approximately
$23,875,000.00.
The hotel sits
on 14.5 Acers of
prime real
estate, locater
directly across
from Burt Money
Airport on
Highway () on
Harrison Avenue,
current value
per Acers. 700
foot of frontage
on Harrison
Avenue.
Contained within
the
approximately
175,000 Sq Ft.
building are the
following,
Elegant lobby ,
front desk
office,150 large
guest rooms of
which there are
two very large
two king room
bridle suite's,
two mini suits,
(90) double
queens,
(39)single
queens, (12)
King suits,.
four linen
closets, one
guest laundry
center, nine
storage areas,
Largest indoor
pool in south
west Mt.
including a 105
ft. water slide,
ten person
jacquie, new
sauna, exercise
room, 3900 sq ft
of pool side
decks, 1288 sq
ft U shaped
balcony above
the pool decks,
large outdoor
courtyard for
summer party,
Largest fully
equipped kitchen
in south western
Mt. capable of
serving out over
fifteen hundred
catered meals,
three times a
day. (72) seat
cafe, (68) seat
fine dining
restaurant which
is expandable to
100 seats, (1800
sq ft) catering
hall way and
storage
facility, (4788
sq ft)
convention
center with a
(1350 sq ft)
pre-function and
registration
area, Convention
center is setup
with state of
the art sound
demising walls
which will break
up the area in
to five separate
sound proof
rooms , plus two
brake out rooms,
(7098 sq ft)
Ballroom with
(1232 sq ft)
balcony, half on
the east and
west sides which
will accommodate
up to one
hundred fifty
guest on each
side, Elevator,
full capacity
commercial
laundry, Two
mechanical
rooms,
maintenance
facility, Sales
and marketing
office,
Accounting
office, Security
office,
Executive
office, Lounge
office,
chattering and
setup office,
housekeeping
office, etc.
Currently in
stalling state
of the art
security system
with sixty four
cameras
collectively
inside and out.
All equipment is
on site, only
the wiring and
camera
installation
needs to be
completed. Value
$65.000.
Two (sq ft)
light oak
portable dance
floors including
rolling storage
carts.
One upright
piano.
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Seller
Information
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| Contact Name: |
www.myhotelis4sale.com
Ken Burningham
Mercer Island Venture Group
17411 NE 46th Street Unit 16
Redmond, Washington 98052 |
| Phone Number |
206-817-2542 |
For More Information On This
Motel/Hotel
Please Call The Phone Number
Above or Submit The Form
Below to Email.
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Last Revised:
January 16, 2012 |
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