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hotel, lodging, inn, motel broker for Montana and California Jack Spears
 

   SEVENTY ONE  ROOM  HOTEL  &  CASINO IN WESTERN MONTANA

WESTERN   MONTANA   INN & SUITES

5 Guest Suites,  8 Kings,  29 Queens,  29 Double Queens

Luxury (owner or manager´s) Suite,  Two Offices,  Spacious Lobby Lounge

National Franchise  *  AAA  *  Indoor Pool & Spa  *  Meeting & Conference Rooms

Full Buffet Hot Breakfast Served in Spacious New Breakfast Room

SOLD

  • Total Building Area is 43,650 sq. ft. on 1.71 Acres
  • Three Level, Brick Exterior, L-Shaped, Elevator & Interior Corridors
  • Fully Sprinklered with Central Fire Alarm System
  • Recently Seal Coated 40,000 sq. ft. Parking Area with 105  Parking Spaces, plus overflow
  • Guest Laundry,  Vending Room,  Lobby ATM,  Public Rest Rooms
  • New CenturyTel Phone System,  Wireless Internet,  Numerous Capital Improvements
  • Full Hotel Laundry (linens owned/two new washers), Housekeeping Office,  Maintenance Shop
  • Heat/Air in-wall Units,  2001 non-permeable membrane Roof,  New Hot Water System
  • City Water & Sewer,  Professionally Landscaped with Automatic Watering System

upper level city/mountain view Conference Room with full kitchen
(CAN BE LEASED AS A RESTAURANT FOR ADDITIONAL INCOME)

Three Additional Meeting/Conference Rooms  +  Nine Storage Rooms

2006  ($50 ADR x 51% Occupancy) Gross $625,071

2007  ($64 ADR x 51% Occupancy) Gross $804,397
Net Operating Profit  $291,255

National Franchise as of April 2007

2008  ($67 x 53%) Projected Gross $900,000 SOLD

 To Receive Jack's Quarterly 
 Newletter on Hotel Investing 

 

CASINO & SALOON

  • Twenty Electronic Gaming Machines (18 owned)
  • Ten New Gaming Machines were purchased in 2007
  • Forty Seat Saloon & Sports Lounge
  • Ten Big Flat Screen Wall Mounted Televisions
  • Modern, fully equipped Bar
  • New Ventless Deep Fryer serving popular appetizers
  • All Newly Renovated in 2005 and 2006
  • Adjacent Poker Room

2006 TOTAL INCOME $523,252

2007 TOTAL INCOME $563,542

2007 NET OPERATING PROFIT $196,493

Hotel is listed for sale at three times Gross Rooms Rental:

$ 2,400,000

Casino and Saloon full liquor/gaming license (at market value):

$ 500,000

Eighteen Electronic Gaming Machines (10 new in 2006 & 2007):

$ 150,000

TOTAL PRICE Representing a 16% Rate of Return
(COMBINED HOTEL & CASINO NOI = $487,488)

$ 3,050,000 SOLD

 

 

 

 

 

 

 
 

MONTANA

CALIFORNIA

P.O. Box 2349
Bigfork, MT 59911

    Fax:     
Map of Territory

    1187 Coast Village Road, #1-557    
Santa Barbara, CA  93108

Map of Territory

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35 Years In Business!

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