The Travelodge started operations more than 8 years ago and reached its peak in 2007. In 2008 to mid

Travelodge | Florence, Kentucky Sold by Dinesh Dan Rama ( Florence, Kentucky | Phoenix, map of hotels in cancun Arizona map of hotels in cancun ) newGen Commercial Realty is pleased to announce the sale of the Travelodge in Florence, Kentucky. Dinesh Dan Rama advised the seller and the buyer of the 89 guest room hotel located just south of Cincinnati, Ohio.
The two-story, interior map of hotels in cancun corridor property was priced at two-times room revenue. The lack of competitive sites for new hotels and motels plus the high cost of land make future addition of competitive hotels and motels unlikely. The current hotel inventory in Florence map of hotels in cancun is in very good condition and remains competitive in meeting the needs of the traveler.
The Travelodge started operations more than 8 years ago and reached its peak in 2007. In 2008 to mid-2010, the hotel and the market took significant revenue decline due to the Great Recession and the illness and death of the owner. Current management has been unable to make capital improvements or invest in an effective map of hotels in cancun marketing program, which provides an incredible upside potential for a new owner/operator to improve the current physical standard of the hotel.
Florence, Kentucky is the eighth largest city in the state. It has approximately 30,000 residents and is located in Boone County, map of hotels in cancun just 10 miles south of Cincinnati, Ohio. The city is home to a large number map of hotels in cancun of employers in the industrial fields and many service related industries. The area currently ranks third nationally among electronic production visitors.
About newGen Commercial Realty | A national hospitality firm specializing in investment, construction, brokerage, management, and consulting, newGen Commercial was created by a group of well seasoned map of hotels in cancun real estate professionals who are also owners/operators. Understanding the unique challenges of hotel development and operations, our team can recognize, evaluate and execute all hotel projects from time of conception to the point of consistently high STR performance. newGen Commercial s team are experts in Commercial Short Sales, Note Sales and Distressed Commercial Property Sales.