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Mar 28, 2020 — 60 Room American's Best Value Inn near Lexington, Kentucky. Motel is in very good condition and is an exterior corridor motel. Nice 5 Bedroom Owners Apartment. This is a 'hot sheet' motel. Sales in 2017 were appx. $375,000. Expenses are $150,000/Year. NOI at least $150,000/Year. Location is off Interstate highway. Priced at 3.3x gross earnings. There is a 5 bedroom owner's apartment. Outdoor pool. Franchise transfer fee is only $15,000. Great Location. We have local banks that will assist in financing. Great starter motel.
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