Description

Fully Assumable Loan! This popular lodging destination was established in 1950 and purchased by the current owners in 2003. In 2007, the existing motel was demolished and a brand new 20-unit lodge was constructed. The NEW motel opened for business in 2008. The owners have created a beautiful getaway with a modern lodge theme and a warm, woodsy atmosphere. This motel is the nicest and newest in the area - a popular relaxation destination with many activities including water sports, hiking and fishing in the summer and snow-related activites in the winter. There is room for an additional 12 rooms to be added and other expansion opportunities. Total assets include a three year old 20-unit motel with manager's apartment, extra-large laundry room, office and 50+ year business history; plus all furnishings, fixtures, equipment and inventory currently used in running this growing business. Ask for portfolio number 0022.

Posted May 18, 2011

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