Very busy highway location - 141 units – Previously built as Holiday Inn full service in two phases, original 99 units were built in 1963, later rest of the units were added in 1985. Then it was converted into Ramada. After the previous owners bought it, they converted it to an independent hotel as Azalea Inn. Lender is willing to finance with 10% down payment to a qualified buyer. Selling price is below the replacement cost.

The previous owners started renovating it according to the Quality Inn flag requirements but ran out of money and gave it back to the lender. The property has several good rooms and at least 40% rooms will need some work. Out of the 40% - 20% need total renovation. It needs a new roof. Kitchen also needs work. It is the only full service hotel in town. It is an excellent opportunity for an experienced owner/operator of a full-service hotel; they can be very successful after renovating the hotel.

Asking Price Reduced to: $1,199,000