This confidential offering brochure presents the opportunity to acquire the 100-room Americas Best Value Inn in Lansing, Michigan. The one-story hotel consists of four separate buildings situated on 2.9 acres along I-96, within 8 miles of Michigan State University, state government buildings, and hospitals. Recent improvements include new roofs, carpets, furniture and air conditioners. The hotel offers a continental breakfast and seasonal outdoor pool. Projections estimate net operating income could increase from $160,000 currently to over $280,000 by 2014 under new hands-on owner-operator management through occupancy and rate increases.
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
Hugh Grant, Chairman and CEO of Monsanto, presented at the Basic Materials Conference on February 21, 2006. He outlined that Monsanto is on track or exceeding expectations for fiscal years 2006 and 2007, with earnings per share growth of up to 20% and free cash flow of $825-900 million projected. Key commercial commitments, including increased US corn and cotton market shares, were also presented.
Fluid Mechanics Aided Computing for Effective Traffic Management Jaydeep Deshpande
This document discusses using fluid mechanics principles to help manage traffic flow more effectively in the future as vehicle numbers are projected to greatly increase in India. It describes how concepts like nozzle effects, boundary layers, and viscosity that regulate fluid flow can also be applied to model traffic flow. The document proposes a system for dynamic traffic monitoring using image processing of real-time video feeds to determine vehicle speed, density, and predict traffic jams. The system would then optimize traffic signal timing accordingly to help reduce congestion. An example application of this system is provided that shows how signal times could be reduced in one case and remain optimal in another based on real traffic conditions.
Hvs market study final - proposed hotel - flower mound tx - 05 31 11Ushouldsendit2
This market study analyzes the potential for a 130-room select-service hotel in Flower Mound, Texas. It recommends locating the hotel in the Lakeside Business District due to its proximity to the airport and corporations. The study assumes the hotel will open in January 2013 and be affiliated with a nationally-franchised brand, though the specific brand is not determined. It provides projections for occupancy, average daily rate, revenue, and expenses through 2017.
This document lists locations for Country Inn & Suites By Carlson hotel conversions in Rochester, NY which is listed 5 times, O'Fallon, IL which is listed 5 times, and Georgetown, TX which has conversion listed 4 times. The document appears to be a list of places where existing properties are being converted into hotels under the Country Inn & Suites brand.
This document describes a 2.3 acre development opportunity located at 7470 Harrison Ave in Rockford, Illinois near CherryVale Mall. The property has high traffic counts from two nearby interstate highways and is well situated for a hotel, entertainment, office, or retail development. Demographic data for the surrounding area indicates a population of over 90,000 within 5 miles and an average household income of $68,153. The adjacent Cherry Valley community has seen considerable commercial growth and remains business friendly and responsive.
Report pflugerville hotel feasibility revised-mar 2010-final (1)Ushouldsendit2
The document provides an analysis of four potential hotel site locations in Pflugerville, Texas. It finds that Site 1, located near sports facilities and highways 130/45, has good visibility and accessibility, but fair support services currently due to lack of development along the highways. The site requires land preparation and utility extension. With future corridor development, Site 1 could have a good competitive position.
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
Hugh Grant, Chairman and CEO of Monsanto, presented at the Basic Materials Conference on February 21, 2006. He outlined that Monsanto is on track or exceeding expectations for fiscal years 2006 and 2007, with earnings per share growth of up to 20% and free cash flow of $825-900 million projected. Key commercial commitments, including increased US corn and cotton market shares, were also presented.
Fluid Mechanics Aided Computing for Effective Traffic Management Jaydeep Deshpande
This document discusses using fluid mechanics principles to help manage traffic flow more effectively in the future as vehicle numbers are projected to greatly increase in India. It describes how concepts like nozzle effects, boundary layers, and viscosity that regulate fluid flow can also be applied to model traffic flow. The document proposes a system for dynamic traffic monitoring using image processing of real-time video feeds to determine vehicle speed, density, and predict traffic jams. The system would then optimize traffic signal timing accordingly to help reduce congestion. An example application of this system is provided that shows how signal times could be reduced in one case and remain optimal in another based on real traffic conditions.
Hvs market study final - proposed hotel - flower mound tx - 05 31 11Ushouldsendit2
This market study analyzes the potential for a 130-room select-service hotel in Flower Mound, Texas. It recommends locating the hotel in the Lakeside Business District due to its proximity to the airport and corporations. The study assumes the hotel will open in January 2013 and be affiliated with a nationally-franchised brand, though the specific brand is not determined. It provides projections for occupancy, average daily rate, revenue, and expenses through 2017.
This document lists locations for Country Inn & Suites By Carlson hotel conversions in Rochester, NY which is listed 5 times, O'Fallon, IL which is listed 5 times, and Georgetown, TX which has conversion listed 4 times. The document appears to be a list of places where existing properties are being converted into hotels under the Country Inn & Suites brand.
This document describes a 2.3 acre development opportunity located at 7470 Harrison Ave in Rockford, Illinois near CherryVale Mall. The property has high traffic counts from two nearby interstate highways and is well situated for a hotel, entertainment, office, or retail development. Demographic data for the surrounding area indicates a population of over 90,000 within 5 miles and an average household income of $68,153. The adjacent Cherry Valley community has seen considerable commercial growth and remains business friendly and responsive.
Report pflugerville hotel feasibility revised-mar 2010-final (1)Ushouldsendit2
The document provides an analysis of four potential hotel site locations in Pflugerville, Texas. It finds that Site 1, located near sports facilities and highways 130/45, has good visibility and accessibility, but fair support services currently due to lack of development along the highways. The site requires land preparation and utility extension. With future corridor development, Site 1 could have a good competitive position.
The document describes a bank owned, 11-story hotel located at 7301 NW Tiffany Springs Road in Kansas City, Missouri that is for sale. Key details include that it has 249 guest rooms, over 6,800 square feet of ballroom and banquet space, and is situated on a 7 acre site near the Kansas City International Airport with excellent visibility and access. The estimated population within a 5 mile radius is around 75,000 people with an average household income of $76,000.
The document describes development sites and outlots available at The Chicagoland Outlets at Country Club Hills in Illinois. The property includes parcels ranging from 1 to over 21 acres that are zoned for commercial and entertainment development including retail and hotels. A master plan has been proposed for the development of 130 outlet stores, a 10,000 seat convention center, and a water park resort hotel. The site has access to two major interstates and is located 25 minutes from downtown Chicago.
2010 american hotel & lodging association 031710 (1)Ushouldsendit2
This document summarizes SBA loan programs including the 7(a) loan, 504 loan, and eligibility requirements. It provides an overview of the types of businesses and purposes that are eligible for loans, loan terms and limits, guaranty fees, and the application process. The typical 504 loan structure involves a local lender providing 50% financing, the SBA/CDC providing 40% through a debenture, and the small business providing 10%. Certified Development Companies are listed that can assist with the 504 loan application and approval process.
This document provides an overview of the Park Inn hotel brand. It summarizes the brand's guest value proposition, competitive set, global portfolio, prototype guestrooms, fees, distribution channels, hotel systems, revenue optimization strategies, franchise service offerings, and regional development contacts. The brand aims to provide spotlessly clean accommodations and an uncomplicated, hassle-free experience at an affordable price point. It is well-established in Europe and looking to grow in the Americas and Asia through consistent quality standards and a playful, colorful design.
The document is a map of part of the Florida Turnpike in southern Florida. It shows several exits along the turnpike between Commercial Blvd in the north and Griffin Rd in the south, including exits for Oakland Park Blvd, Sunrise Blvd, Broward Blvd, and Davie Blvd. The map indicates that the Florida Turnpike continues south from Griffin Rd toward Miami, Ft. Lauderdale, and the Florida Keys.
This document provides an overview of the Park Inn hotel brand. It summarizes the brand's guest value proposition, competitive set, global portfolio, and prototype guestroom designs. It also outlines the brand's fees, distribution channels, hotel systems, revenue optimization strategies, franchise service offerings, and regional development contacts. The goal of Park Inn is to provide consistently high quality and a playful style through fresh design and operational standards, backed by Carlson Hotels' financial strength.
The document describes a bank owned, 11-story hotel located at 7301 NW Tiffany Springs Road in Kansas City, Missouri that is for sale. Key details include that it has 249 guest rooms, over 6,800 square feet of ballroom and banquet space, and is situated on a 7 acre site near the Kansas City International Airport with excellent visibility and access. The estimated population within a 5 mile radius is around 75,000 people with an average household income of $76,000.
The document describes development sites and outlots available at The Chicagoland Outlets at Country Club Hills in Illinois. The property includes parcels ranging from 1 to over 21 acres that are zoned for commercial and entertainment development including retail and hotels. A master plan has been proposed for the development of 130 outlet stores, a 10,000 seat convention center, and a water park resort hotel. The site has access to two major interstates and is located 25 minutes from downtown Chicago.
2010 american hotel & lodging association 031710 (1)Ushouldsendit2
This document summarizes SBA loan programs including the 7(a) loan, 504 loan, and eligibility requirements. It provides an overview of the types of businesses and purposes that are eligible for loans, loan terms and limits, guaranty fees, and the application process. The typical 504 loan structure involves a local lender providing 50% financing, the SBA/CDC providing 40% through a debenture, and the small business providing 10%. Certified Development Companies are listed that can assist with the 504 loan application and approval process.
This document provides an overview of the Park Inn hotel brand. It summarizes the brand's guest value proposition, competitive set, global portfolio, prototype guestrooms, fees, distribution channels, hotel systems, revenue optimization strategies, franchise service offerings, and regional development contacts. The brand aims to provide spotlessly clean accommodations and an uncomplicated, hassle-free experience at an affordable price point. It is well-established in Europe and looking to grow in the Americas and Asia through consistent quality standards and a playful, colorful design.
The document is a map of part of the Florida Turnpike in southern Florida. It shows several exits along the turnpike between Commercial Blvd in the north and Griffin Rd in the south, including exits for Oakland Park Blvd, Sunrise Blvd, Broward Blvd, and Davie Blvd. The map indicates that the Florida Turnpike continues south from Griffin Rd toward Miami, Ft. Lauderdale, and the Florida Keys.
This document provides an overview of the Park Inn hotel brand. It summarizes the brand's guest value proposition, competitive set, global portfolio, and prototype guestroom designs. It also outlines the brand's fees, distribution channels, hotel systems, revenue optimization strategies, franchise service offerings, and regional development contacts. The goal of Park Inn is to provide consistently high quality and a playful style through fresh design and operational standards, backed by Carlson Hotels' financial strength.
1. Lansing, MI
1100 Ramada Drive | Lansing, MI 48911
CONFIDENTIAL OFFERING BROCHURE
LIstIng OffeReD CB Richard Ellis Hotels presents, for your consideration, the opportunity to acquire
By: the 100-room Americas Best Value Inn in Lansing, Michigan at a very affordable
James Johnson price. The limited service hotel is located just south of downtown Lansing. The
Chicago: 312.935.1019
Santa Fe: 505.986.5890 one-story, exterior corridor hotel is situated on 2.9 acres along I-96, and within an
james.johnson@cbre.com
Mike Horvath
eight mile drive of the State Capitol, Michigan State University, Sparrow Hospital,
312.935.1022
Jackson National Life Insurance, and General Motors.
michael.horvath@cbre.com
2. pROpeRty DetAILs
Asset Americas Best Value Inn
yeAR BUILt Originally built in 1980 as a Knights Inn. The property consists of four separate one-story
buildings
OwneRshIp InteRest Fee Simple
sIte AReA 2.9 acres (±128,066 square feet)
pARkIng On-site surface parking (133 spaces)
nUMBeR Of UnIts 100 rooms and a two bedroom manager’s apartment
COnstRUCtIOn Wood construction with stucco exterior. The roofs of each building are wood trusses covered
topped by asphalt shingles.
MeetIng fACILItIes A large 600 sq. foot meeting/banquet room off the side of the lobby. It is currently used for
storage
CApItAL IMpROveMents Over the last three years improvements have included new carpet, drapes, furniture, sink,
vanities, tile work, and air conditioners to the rooms. All four buildings have new roofs.
Twenty rooms have been completely remodeled. New exterior signs and a PMS system have
been added this year.
AMenItIes Continental breakfast and high speed wireless internet access in the lobby area. The outdoor
pool is available from May to September. A guest laundry room. Each room includes a
microwave and a minifridge.
fRAnChIse AgReeMent Franchise license agreement subject to annual renewal with Americas Best Value Inn
Operating Performance
Year End 12 Months Year End Year End
ALL REASONABLE 2009 Ending 4/30/09 2008 2007
Occupancy 35.2% 35.8% 36.6% 38.4%
OFFERS CONSIDERED! Average Daily Rate $42.29 $38.23 $38.77 $39.05
RevPAR $14.89 $13.72 $14.19 $15.00
Rooms Revenue $434,800 $501,460 $519,544 $547,547
America’s Best Value Inn| Lansing, MI
3. InvestMent hIghLIghts
TransienT & Leisure DeManD to year contract. Additionally, franchise fees are limited to
The Americas Best Value Inn is well located to capture transient, $1,500 per month. This franchise is ideal for a hands on
leisure and SMERF demand due to its proximity to the area’s owner/operator looking to have an affordable association
corporate and leisure attractions. Easy interstate access, with a nationally known brand and reservation system.
adequate parking facilities, and great visibility positions the
property to accommodate leisure and trucking demand.
Nearby demand generators include the State Capitol,
Michigan State University, Sparrow Hospital, Ingham County
Regional Medical Center Jackson National Life Insurance,
Cooley Law School, Lansing Community College, the Lansing
Center, General Motors, and Oldsmobile Park. The State
of Michigan government is the largest employer in Lansing,
the capitol of the state. Michigan State University (MSU),
located in East Lansing is one of the largest universities in
the country with over 45,000 students. Additionally, MSU is
regarded as one of the top research universities in the United
States. Americas Best Value Inn offers travelers an affordable
alternative to other hotels along I-96, yet comparable
convenience in terms of access to local demand generators,
food outlets, and interstate highway access.
HanDs On Owner/OperaTOr
This property is ideal for a hands on owner/operator who
would live in the two-bedroom manager’s suite. An on-site
owner would be able to reduce operating expenses such as
payroll, increase gross room revenue, and enhance NOI for
the property. Projections for a hands on owner/operator over
the next four years are shown below:
Projected Operating Performance
Year End Year End Year End Year End
2011 2012 2013 2014
Occupancy 40.0% 42.0% 44.0% 45.0%
Average Daily Rate $41.50 $44.00 $46.50 $48.75
RevPAR $16.60 $18.48 $20.46 $21.94
Rooms Revenue $605,900 $674,520 $748,836 $800,719
NOI $160,321 $203,986 $251,482 $283,327
upsiDe pOTenTiaL THrOugH renOvaTiOn
Given the property’s good location, a strong opportunity exists
for new ownership to improve the operating performance.
Renovation of the guest rooms, guest bathrooms, and
common areas will enable the Americas Best Value Inn to
compete more successfully with other economy class hotels
in the market.
FrancHise TransFer
The Americas Best Value Inn franchise began in May 2009.
Current ownership has negotiated a free transfer of franchise
to a new buyer which includes no PIP and features a year
,