I just checked your place via Goo gle. I got the "Check Website" message. At least they updated the message.
I went to your site and noticed a minor error. The pictures of your rooms stated Queen, Queen and Full but the words underneath state King, King and Queen. Might want to update that...
Understood. And I have all the info you mentioned. I have five quotes from reputable insurance firms and the prices are too far part to get a reasonable idea. They are all in ballpark without alcohol.
The only reason we are looking at is that the prior owner had it.
The rest of the group has asked me to keep working on the project. All but me has been to the property and love it. I am being the stick in the mud trying to show them worst-case.
Thank you that explanation.
Because this property is a foreclosed property, no real data is available prior to the bank taking it back. They did higher a Hotel Management service to come in and keep it active so it would sell better.
We are being directed by our SBA and SCORE Reps to use the...
opps..let's try this again
10 rooms
2 King @ $135
4 Queens @ $125
4 Doubles @ $125
Total $1270 per night if all rooms sold. So...........ADR is $127.00 correct? 1270/10
I am a heavy heal striker when I walk. I can walk in fluffy bunny slippers on grass and you can hear my coming a mile away.
And while my mother did not wear Army Boots, my wife proudly did for 30 years.
Thank bank has taken care of the property. They hired a management firm to clean up the place and keep it going. Other than that the bank is only trying to sell it.
Property is good. Built in 2008, all high quality stuff. It was just that the President of the bank and the owners were in cahoots...
Got it figured out!!!! This page of the report reflects both part of the business (Lodge and Campground). We asked for separate reports and their system can't do it on this on page. The data I need is about 20 pages deeper.
Double Room 65 $83.69 $4,770.54
Queen Room...
I just got this from the place we are looking at. It is a foreclosed property (interesting back story - the banker involved in now in jail for bad loan).
Source Nights Revenue ADR
Walk-In Nights 1199 $13,460.44 $15.18
Phone...