141 units - Azalea Inn (previously known as Ramada Inn and Holiday Inn). It was recently appraised for $1,950,000, and is now selling below appraisal for $1,595,000. The lender is willing to provide the financing to a qualified buyer. It is the only full service hotel in town. For an experienced owner/operator of a full-service hotel, this is an excellent opportunity.

Here are the property details:

• $700,000 dollars were spent on the renovations.
• 85 units are completely redone and are ready for the business. They have passed all the city codes and all improvements were done according to Quality Inn specifications.
• The remaining rooms need renovation.
• It is equipped with meeting rooms, an atrium, swimming pool, restaurant and a bar.

It can be easily flagged as a Quality Inn; the previous owners had paid the franchise fees for it. If the new buyer would like to pursue this franchise, he/she can reap the benefits of all the renovations completed by the previous owners.

Asking: $1,595,000