Message Number332426
statusActive
Subject LineNeed investor for convertible loan to equity in a 100 room hotel, occupancy permit issued, but too few rooms ready to open Major big 10 college town!
Business area
U.S.A.
Central (IL IN KY MI OH WI)
Indiana
Location, CityBloomington
Have/WantWant
Business categoryCommercial Buildings/Hotels/Motels
Date of ListingNovember 18 2015
Type DescriptionConvertible loan to equity
Price$350,000.00
Price Max$350,000.00
Price Commenta steal!
CommentsI have a contract to purchase 60% of the LLC that has a land contract on the hotel. 100 rooms, full service. Money to be used to finalize renovations on the balance of 86 rooms that are partially complete. Finishing touches needed and will open within 30 days or so of closing the deal. All hotels in area average 60% occupancy. My proforma is at 50%. Expected stabilization revenue could be $1.5-$2 mm per year
Internet Links
Client DetailsUser/Manager
Client SituationNeed New Loan
Clients ObjectiveTo Acquire
ControlOwner
NameRon Stewart
TitlePrincipal Broker
Company NameIndependent, FL/IN/WI (Hoff Realtors IL only)
Address Line One3737 w 168th street
CityCountry Club Hills
State/ProvinceIllinois
Zip/Postal Code60478
CountryUnited States
Business Phone Number(708)960-4844
Cell Number708-870-2920
Home Number708-870-2920
Email AddressSend Email
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