DOCSLIB.ORG

Red Carpet Inn & Suites

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Red Carpet Inn & Suites OFFERING MEMORANDUM Red Carpet Inn & Suites 208 E NEW BERN RD, KINSTON, NC 28504 1 | Red Carpet Inn & Suites CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Colliers International should not be made available to any other person or entity without the written consent of Colliers International. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Colliers International has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject substances, PCB’c or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or any tenants plan or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Colliers International has not verified, and will not verify, any of the information contained herein, nor has Colliers International conducted any investigation regarding this matter and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Colliers International is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Colliers International . Its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Colliers International is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR COLLIERS INTERNATIONAL AGENT FOR MORE DETAILS. TABLE OF CONTENTS SECTION ONE INVESTMENT OVERVIEW \\ 6 SECTION TWO FINANCIAL ANALYSIS & MARKET COMPARABLES \\ 12 SECTION THREE MARKET OVERVIEW \\ 20 3 | Red Carpet Inn & Suites EXCLUSIVELY LISTED BY PRASHANT MERCHANT Senior Vice President | Investment Sales Hospitality Capital Markets Group Mobile - (757) 589 - 6954 [email protected] License: VA 0225226862 NIC WADE Assistant Vice President | Investment Sales Hospitality Capital Markets Group Mobile - (757) 672 - 3692 Direct - (804) 267- 7231 [email protected] License: VA 0225242365 J. SCOTT ADAMS, CCIM Broker of Record License: NC 313635 SECTION 0NE INVESTMENT OVERVIEW 5 | Red Carpet Inn & Suites INVESTMENT OVERVIEW Colliers International, in association with Hospitality Capital Markets Group, on an exclusive basis, is pleased to present for sale the Red Carpet Inn & Suites of Kinston, North Carolina. The subject property is a 100-key, two-story, exterior-corridor asset located at the intersection of US Highway 70 (27,000 VPD) and US Highway 258 (10,000 VPD) with +/- 5.5 acres of frontage. The property, originally built in 1968 as a Holiday Inn, has undergone significant renovations and will be delivered with minimal-to-no expected PIP. The property is offered on an unpriced basis with guidance at a fraction of replacement cost, considering the original cost of the property’s concrete and cinderblock construction with a utility service alley behind the rooms. The property overlooks the scenic Neuse River, but was damaged as a result of hurricane Matthew in 2016 when the river overflowed onto the property. Immediately following hurricane Matthew, ownership set out to complete an extensive renovation plan of more than $10,000 per key to restore the property to operational order, including a brand new roof installed within the last two years. The property boasts a +/- 11,000-square-foot lobby/office building with conference space, restaurant space, meeting room, a full bar outfit, and a manager’s quarters. These areas have also been restored over the last four years with an anticipated opening date of 2020, however they remained unoccupied as a result of COVID-19. These areas are fully equipped with audio/video equipment and can hold a capacity of +/- 300 guests. An investor has the unique opportunity to drive revenue by utilizing this space to operate a restaurant and bar. Alternatively, the restaurant is separately metered and therefore provides new ownership with the opportunity to generate additional passive income through a net lease. With President Biden’s plan to deliver 100 million doses within the first 100 days of office, an investor can also likely expect group and corporate travel to steadily pick up. In conjunction with the newly-renovated available conference and meeting space at the property, an investor has the opportunity to capture market share in that segment to drive revenue. The property has remained especially resistant to COVID-19 and has performed better despite the pandemic in 2020 than previous years for a variety of reasons: 1) the recent completion of extensive renovations, 2) the stability and necessity of economy properties during downturns, and 3) the presence of extended-stay guests and accommodating suites. The property amenities include a pool, fishing deck, a pet-walking area, and ample onsite storage for new ownership. Many of the rooms are equipped with tile floors, which make the property one of the only suitable options in Kinston for pet-friendly rooms. Ownership purchased the non-performing note for the property in 2009, and eventually foreclosed in 2012, though has remained mostly absentee. A more aggressive, hands-on, owner-operator can significantly increase revenue and gross operating profits by creating operational efficiencies and increasing RevPAR market share by leveraging the recently-completed renovations to rooms and common areas. The North Carolina Department of Transportation also intends to expand the Kinston Bypass over the next decade, which overlaps Kinston just half a mile south of the property, which will increase traffic and therefore revenue for a long- term investor at the property. INVESTMENT HIGHLIGHTS Fee Simple Interest in the 2-Story Asset Concrete Construction with Brand New Roof 2020 Performance Uninterrupted by COVID-19 Significant Upside for Owner-Operator Recently Renovated and Offered with Minimal PIP Proximity to Major MSAs: Raleigh-Durham, Greenville, Wilson, Goldsboro, Jacksonville, New Bern 6 | Red Carpet Inn & Suites INVESTMENT OVERVIEW PROPERTY AMENITIES Vital Data Property Name Red Carpet Inn & Suites Free High Speed WiFi Address 208 E New Bern Rd, Kinston, NC 28504 Price Unpriced Complimentary Hot Breakfast PIP Minimal Ownership Type Fee Simple Pet Friendly Number of Rooms 100 Free Parking Number of Buildings 2 Number of Stories 2 Outdoor Pool Corridors Exterior Truck & RV Parking Year Built 1968 Lot Size 5.50 Acres Onsite Fishing Rentable Square Feet 11,000 SF Franchise Hospitality International Picnic Area Management Unencumbered by Third-Party Management Business Center Photo Copier & Fax Machine Room Type No. of Rooms Self Serve Laundry King Room 25 Flatscreen TVs in Rooms Queen Room 33 Double Full Room 39 Microwave & Fridge in Rooms Extended-Stay Suites 2 ADA Accessible Room 1 7 | Red Carpet Inn & Suites PROPERTY PHOTOS 8 | Red Carpet Inn & Suites PROPERTY PHOTOS PROPERTY PHOTOS SECTION TWO FINANCIAL ANALYSIS & MARKET COMPARABLES 11 | Red Carpet Inn & Suites FINANCIAL ANALYSIS - STR Subject Property 2018 2019 2020 Year 1 Year 2 Year 3 Year 4 Year 5 Occupancy 27.00% 36.65% 44.4% 46.18% 48.02% 48.98% 49.96% 50.96% % Change 35.74% 21.15% 4.00% 4.00% 2.00% 2.00% 2.00% Occupancy Penetration 53% 74% 120% 99% 97% 97% 97% 97% Average Daily Rate $60.00 $60.00 $60.00 $62.40 $63.65 $64.92 $66.22 $67.54 % Change 0.00% 0.00% 4.00% 2.00% 2.00% 2.00% 2.00% ADR Penetration 84% 75% 86% 86% 86% 86% 86% 86% RevPAR $16.20 $21.99 $26.64 $28.81 $30.57 $31.80 $33.09 $34.42 % Change 35.74% 21.15% 6.08% 4.04% 4.04% 4.04% Rev PAR Penetration 45% 56% 103% 85% 84% 84% 84% 84% Competitive Set 2018 2019 2020 Year 1 Year 2 Year 3 Year 4 Year 5 Occupancy 50.80% 49.20% 36.90% 46.49% 49.28% 50.27% 51.27% 52.30% % Change -3.15% -25.00% 26.00% 6.00% 2.00% 2.00% 2.00% Average Daily Rate $71.65 $79.87 $69.87 $72.66 $74.12 $75.60 $77.11 $78.65 % Change 11.47% -12.52% 4.00% 2.00% 2.00% 2.00% 2.00% RevPAR $36.40 $39.30 $25.78 $33.78 $36.53 $38.00 $39.54 $41.14 % Change 7.96% -34.39% 8.12% 4.04% 4.04% 4.04% STR # Name City, State Zip Phone Rooms Open Date 8368 Econo Lodge Goldsboro Goldsboro, NC 27534-1605 (919) 736-4510 46 198801 13003 Days Inn Goldsboro Goldsboro, NC 27534-1627 (919) 735-7911 112 197910 15678 Red Roof Inn Kenly Kenly, NC 27542-7544 (919) 284-1050 65 198803 39869 Quality Inn Goldsboro Goldsboro, NC 27534-7448 (919) 778-9759 67 200011 40908 Country Inn & Suites Goldsboro Goldsboro, NC 27534-1675 (919) 581-0503 66 200011 *This property is not a member of STR research **Historical occupancy and ADR estimated 12 | Red Carpet Inn & Suites HISTORICAL P & L 2018 2019 2020* Rooms 60 70 100 Available Rooms 36,500 36,500 36,500 Rooms Sold 9,855 13,377 16,206 Occupancy
Load more

Recommended publications
  • 2021 Medicare Advantage Provider Directory
    2021 Medicare Advantage Provider Directory FirstCarolinaCare Insurance Company’s FirstMedicare Direct plans are HMO and PPO plans with a Medicare contract. Enrollment in FirstMedicare Direct plans depend on contract renewal. This document is available in other formats such as large print. Y0094_21_11246_C FirstMedicare Direct POS Plus FirstMedicare Direct POS Standard FirstMedicare POS Choice FirstMedicare Direct PPO Plus FirstMedicare Direct PPO Premier New Hanover Health FirstMedicare Select New Hanover Health FirstMedicare Platinum 2021 Medicare Advantage Provider Directory This directory is current as of 10/1/2020 This directory provides a list of FirstMedicare Direct’s current network providers. This directory is for the following North Carolina Counties: Brunswick, Buncombe, Chatham, Henderson, Hoke, Lee, Madison, McDowell, Montgomery, Moore, New Hanover, Pender, Richmond, Scotland, Transylvania, and Yancey. To access FirstMedicare Direct’s online provider directory, you can visit www.FirstMedicare.com. For any questions about the information contained in this directory, please call our Member Services at (877) 210-9167 or by TTY/TDD 711, 8 a.m. – 8 p.m., Local Time, 7-days a week. From April 1 – September 30, voicemail will be used on weekends and holidays. This document is available in other formats such as large print. Y0094_21_11246_C_FMD Approved 10/13/2020 1 Table of Contents Section 1-Introduction…………………………………………………………….......………3 What is the service area for FirstMedicare Direct?................................................................4
    [Show full text]
  • Proposed Downtown Berryville Hotel
    Proposed Downtown Berryville Hotel Berryville, Virginia 22611-1315 NKF Job No.: 19-0004412 Feasibility Study Prepared For: Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 Prepared By: Newmark Knight Frank Hospitality, Gaming & Leisure Group Valuation & Advisory 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 July 19, 2019 Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 RE: Feasibility Study of a Proposed Downtown Berryville Hotel Downtown Berryville , Berryville, Virginia NKF Job No.: 19-0004412 Newmark Knight Frank Valuation & Advisory, LLC has prepared a feasibility study of the referenced property in the following report. Summary of the Proposed Subject Property The feasibility study considers development of a proposed hotel in Downtown Berryville on or proximate to Main Street. The subject site has average access to major roadway (State Route 7) because of its proposed location in downtown Berryville's Main Street district, limiting its visibility and ease of ingress and egress from a major roadway. While the proposed site is proximate to some demand generators, the low density of commercial developments in the area is projected to be a weakness. Leisure attractions in Berryville and Clarke County including vineyards, historic manors and event venues, and Barns of Rose Hill will help mitigate this weakness. Visibility is considered to be average, relative to other historic downtown locations, due to its proposed multi- level configuration, assumed signage, and on or proximate to Main Street. State Route 7, which connects Berryville to neighboring Winchester and Leesburg, is less than a mile north from central downtown.
    [Show full text]
  • Unc-Health-Proposal.Pdf
    March 16, 2020 Dear Partnership Advisory Group, New Hanover County Board of Commissioners, and New Hanover Regional Medical Center Board of Trustees: Thank you for the opportunity to respond to your request for proposal for a strategic partnership with New Hanover Regional Medical Center (NHRMC). We have long admired the quality care NHRMC provides for the citizens of southeastern North Carolina and your reputation for excellence. The partnerships UNC Health and NHRMC have fostered over many years have been productive for both of our systems and allowed each of us to further serve our missions. We have enjoyed learning in more detail about your organization through this RFP process. NHRMC’s co-workers, leaders, physicians and your community should be very proud of your health care system. To better understand NHRMC’s goals, we have attended your Partnership Advisory Group meetings and reviewed the materials provided to all respondents. After many discussions among our system leaders and our Board of Directors, we believe we understand NHRMC’s current situation and your desire to ensure your continued success for future generations. We would like to share our vision of how UNC Health could serve as a long-term partner. Our proposal reflects what we believe to be the best approach to meet the needs of NHRMC, your patients and your community. UNC Health proposes that we start our journey together through a significantly enhanced educational and research partnership, which we will refer to as our “academic partnership,” as well as a strengthened clinical partnership. This enriched relationship can evolve and expand over time, as NHRMC’s needs change.
    [Show full text]
  • Local Hotels
    CULPEPER AREA HOTELS Holiday Inn Express & Suites 787 Madison Road, Culpeper HITS welcomes Holiday Inn Express of Culpeper! The new hotel in town offers premium lodging with free local phone calls, high speed Internet, flat screen tvs in each room, heated indoor pool and fitness room. Daily complimentary breakfast features eggs, biscuits, sausage, gravy, fruit, coffee, juices, omelets, cereals, breads, pastries and their signature cinnamon rolls. 540.825.7444 Fax: 540.825.4449 www.holidayinnexpress-culpeper.com Microtel Inn & Suites 885 Willis Lane, Culpeper Microtel's brand new luxurious accommodations are pet friendly (nominal pet fee required) and offer free wired and wireless high speed Internet in every room. A deluxe continental breakfast awaits you every morning. Single rooms to Suites are available as well as all the amenities you may need to round out your horse show experience. 540.829.0330 www.microtelinn.com Best Western Culpeper Inn (formerly Holiday Inn) Route 29 South, Culpeper Comfortable and attractively furnished guest rooms. In-room coffee maker, refrigerator, iron and ironing board and guest laundry facilities. We also offer outdoor swimming pool, patio area & full breakfast buffet with stay at the hotel. Sorry, but we do not allow pets. 540.825.1253 800.937.8376 www.bestwestern.com Prince Michael Suites | 800.800.WINE Red Carpet Inn | 540.928.6700 Rodeway Inn | 540.825.8088 Sleepy Hollow | 540.825.8396 Lord Culpeper Hotel | 540.829.6445 Culpeper Motor Court | 540.825.2255 Bed & Breakfasts in Culpeper Barn at BallyCedars
    [Show full text]
  • Hotel Franchise Fee Guide
    APRIL 2011 | PRICE $750 2011 UNITED STATES HOTEL FRANCHISE FEE GUIDE Stephen Rushmore, MAI, FRICS, CHA President & Founder Michael L. Mele Consulting & Valuation Analyst Chu Y. Xu Consulting & Valuation Analyst www.hvs.com HVS Global Hospitality Services | 369 Willis Avenue, Mineola, NY 11501, USA 2011 U.S. Hotel Franchise Fee Guide The purpose of this U.S. Hotel Franchise Fee Guide, prepared by HVS, is to provide a comparative review of various hotel franchise brands based on the applicable franchise fees. The selection of an appropriate franchise affiliation affects a property’s ability to compete in the local market, generate profits, achieve a certain image or market orientation, and benefit from referral business. Because the success of a hotel is based primarily on the cash flows it generates, owners and lenders must weigh the benefits of a brand affiliation against the total cost of such a commitment. We note that the fees outlined herein apply only to hotels operating in the United States. Types of Hotel Franchise Fees Brand attributes play a crucial role in an investor’s decision to acquire or change a franchise affiliation. When evaluating a potential hotel franchise, one of the important economic considerations is the structure and amount of the franchise fees. Second only to payroll, franchise fees represent one of the largest operating expenses for most hotels. Hotel franchise fees are compensation paid by the franchisee to the franchisor for the use of the brand’s name, logo, goodwill, marketing, and referral and reservation systems. Franchise fees normally include an initial fee with the franchise application, plus continuing fees paid periodically throughout the term of the agreement.
    [Show full text]
  • Stay Planning Assistance Places and Spaces
    49 Court Street, Suite 200, Binghamton, NY 13902 Conveniently located at the intersection of three interstates in Manager of Convention Sales the center of New York state, Greater Binghamton is just a few GINA [email protected] hours drive away from many East Coast cities and Canadian (800) 836-6740 x326 metro areas. It’s the perfect place to meet and your guests will CALISI make great memories enjoying the nightlife, restaurants, arts, activities, shopping and attractions. STAY PLANNING ASSISTANCE Greater Binghamton offers more than 2,500 hotel rooms Take advantage of FREE meeting and event planning and plenty of spaces for special events. services from the Greater Binghamton Convention & DoubleTree by Hilton Binghamton – 30,000 square feet Visitors Bureau. Let our expert staff assist you with: • 204 rooms • 25 meeting rooms • Site selection and inspections • 1,100-seat theater • 630-seat banquet area • Housing Holiday Inn Binghamton – 14,000 square feet • Publicity • 237 rooms • 11 meeting rooms • Registration • 800-seat theater • 500-seat banquet area • Spousal programs • Formal presentations Other great options include: • • And much more – FREE! The Best Western Plus of Johnson City • Binghamton Courtyard by Marriott • Comfort Inn PLACES AND SPACES • Comfort Suites • Econo Lodge Inn & Suites Binghamton University Events Center • Fairfield Inn www.eventscenter.binghamton.edu • Hampton Inn of Binghamton/Johnson City • Finest athletic facility in the region can also be configured • Hampton Inn & Suites – Binghamton/Vestal for large stage production • Holiday Inn Express & Suites – Binghamton University/Vestal • 50,000 square feet on Events level • Homewood Suites by Hilton • Additional 15,000 square feet on Concourse level • Howard Johnson Inn & Suites • Accommodates up to 190 11’ x 11’ booths • Knights Inn • Seats up to 8,000 • La Quinta Inn • Motel 6 Floyd L.
    [Show full text]
  • Accommodations
    MOTELS, HOTELS, AND BED-AND-BREAKFASTS The 20 places on this list range in distance from IUP from a half-mile to 47.5 miles, and in price from $25 to $139. There are enough rooms to accommodate everyone—but anyone wanting to stay in Indiana and thus not have to drive from a distance should make your reservation as early as possible this fall, as rooms are limited in Indiana. If in doubt, make a reservation now! If you end up not being able to make the trip, you can always cancel late in the game according to standard motel cancellation policies—but if you wait until you’re sure that you can come before calling to make a reservation, you’re less likely to be able to stay where you’d like to. When you call, ask for the special “Appalachian Studies conference rate.” Book early no matter where you want to stay, as these special rates all have cutoff dates, and are unlikely to be available after mid-February. When more than one price is listed, that means that the price depends on what kind of room you want. Places appear below in the order of their driving time to IUP (which ranges all the way from a four-minute walk to a 55-minute drive). Click on the Web links below to take you to the individual websites of the motels. INDIANA 4 minutes, .5 mile (only place within walking distance): $100 (but see below), Heritage House Suites, 724-463-3430, 209 South 6th Street, Indiana, PA 15701, http://www.heritagehousesuites.com/.
    [Show full text]
  • Hospitality International, Inc
    HOSPITALITY INTERNATIONAL, INC. 1726 MONTREAL CIRCLE TUCKER, GEORGIA 30084-6809 800-247-4677 P R E S S R ELEASE FOR IMMEDIATE RELEASE Contact: Hospitality International, Inc. Christine Bartha at 1-877-444-0073, [email protected] HOSPITALITY INTERNATIONAL, INC. WELCOMES RED CARPET INN & SUITES, CLEARFIELD, PENNSYLVANIA Tucker, GA-March, 19 2008, Hospitality International, Inc., is pleased to announce the addition of Red Carpet Inn & Suites, 150 Hotel Heights, Clearfield, Pennsylvania, to the Hospitality International franchise system. With easy access to Interstate 80, Red Carpet Inn and Suites, Clearfield is centrally located, near many local attractions and points of interest such as Black Moshannon State Park and the Clearfield County Fair, which regularly attracts some of the biggest acts in music and entertainment. Lock Haven University of Pennsylvania (Lock Haven University) and the DuBois-Jefferson County Airport are both just minutes away. Outdoor activities are plentiful at nearby Treasure Lake, where visitors can enjoy horseback riding, tennis, fishing, swimming and boating. In addition, guests can enjoy time on the links at the two PGA rated golf courses and driving range. Additional nearby attractions include the Clearfield County Historical Society and Museum, Curwensville Lake and Central PA Speedway. The surrounding area offers a variety of shops, restaurants and cocktail lounges, including Sapps Brother's Cafe and Truck Stop which is directly across the street. -more- Hospitality International, Inc., located in Tucker, Georgia, a suburb of Atlanta, is the exclusive franchisor of Scottish Inns, Red Carpet Inn, Master Hosts Inns, Passport Inn and Downtowner Inns. Incorporated in 1982, Hospitality International currently franchises more than 300 lodging establishments, representing 15,000 rooms in the United States, Canada, and the Caribbean.
    [Show full text]
  • Hotels Status (As of April 3, 2020) Affordable Suites of America Open Boar's Head Resort Open Comfort Inn Monticello Open; Special Rates
    Hotels Status (as of April 3, 2020) Affordable Suites of America Open Boar's Head Resort Open Comfort Inn Monticello Open; Special rates. Country Inn & Suites Open Courtyard by Marriott - Charlottesville, Hillsdale Dr. Open Courtyard by Marriott UVA Medical Center Open Days Inn Open Dinsmore Inn at University Open; Special rates. Restaurant hours 8-2. DoubleTree by Hilton Charlottesville Open; Grab & Go from the Made Mart English Inn of Charlottesville Open; Offering $59 rate Fairfield Inn & Suites by Marriott Charlottesville Open Downtown/University Area Fairfield Inn & Suites Charlottesville - Branchlands Dr. Open; Special rates for traveling nurses, first responders, truckers. Hampton Inn Open; Special rates. Hampton Inn & Suites at the University of VA Open; Special rates. Hilton Garden Inn Open; Special rates for first responders, medical staff, emergency crew, law enforcement. Holiday Inn - University Area Open Holiday Inn Express & Suites Charlottesville Open Ruckersville Home2 Suites Charlottesville Downtown Open Homewood Suites by Hilton Charlottesville Open; Special rates for first responders, medical staff, emergency crew, law enforcement. Hyatt Place Charlottesville Open La Quinta Inn & Suites of Charlottesville Open Red Carpet Inn Open Red Roof Inn Charlottesville Open; Special rates. Residence Inn by Marriott - 1111 Millimont St Open Residence Inn by Marriott Charlottesville Downtown Open; Special rates for medical professionals, staff and first responders Sleep Inn & Suites Monticello Open Staybridge Suites Charlottesville Airport Open; Special rates first responders, law enforcement, military, and truck drivers Super 8 Motel Open The Clifton Open; Restaurant is closed. The Draftsman Open Keswick Hall Club and Estate Golf course is open,with mandated six-feet apart and extensive cleaning and sanitizing of golf carts and bathrooms 200 South Street Inn Closed Graduate Charlottesville Closed Omni Charlottesville Hotel Closed University of Virginia Inn at Darden Closed Click here for contact info from VisitCharlottesville.org hotel directory.
    [Show full text]
  • Hospitality International Welcomes the Red Carpet Inn Pulaski
    HOSPITALITY INTERNATIONAL, INC. 1726 MONTREAL CIRCLE TUCKER, GEORGIA 30084-6809 800-247-4677 P R E S S R ELEASE FOR IMMEDIATE RELEASE Contact: Louise Crespin 1-800-247-4677 Contact: Christine Bartha, 1-877-444-0073 HOSPITALITY INTERNATIONAL, INC. WELCOMES RED CARPET INN, PULASKI, NEW YORK ATLANTA, GA –January 8, 2008 – Hospitality International, Inc., is pleased to announce the addition of Red Carpet Inn, 3724 State RT 13, Pulaski, New York to the Hospitality International franchise System. The Red Carpet Inn, Pulaski, NY, is located off of I-81 on Route 13 just minutes away from downtown Pulaski. The Red Carpet Inn is ideally located for those wishing to explore all this region has to offer. This region has been called the “land of trails”, with over 278 miles of groomed and marked snow trails, linking the Tug Hill region to the Adirondack Mountains. This area has the greatest annual snowfall east of the Rockies. During your stay with us you might want to try salmon fishing in the head waters of Salmon River or trout fishing on Lake Ontario. The summer months are great for a day at the beach or scuba diving for old shipwrecks in Lake Ontario. Whether you like hiking, fishing, snow skiing, scuba diving or just touring some great historical sites, the Red Carpet Inn, Pulaski, is the perfect place to rest after a long day. Visitors to the Red Carpet Inn enjoy spacious and comfortable guestrooms equipped with wireless Internet access. Microwaves and mini-frig are available upon request. We Hospitality International, Inc., located in Tucker, Georgia, an Atlanta suburb, is the exclusive franchisor of Scottish Inns, Red Carpet Inn, Master Hosts Inns, Passport Inn and Downtowner Inns.
    [Show full text]
  • Beatrice, NE Lodging Feasibility Study
    Beatrice, NE Lodging Feasibility Study For more information regarding this report, contact: [email protected] [email protected] Table of Contents Introduction/Objective …………………………………………………..…………………………………………….3 Executive Summary …………………………………………………………………………………………………………………………4-10 Property Segment Property Size Room Rate Property Features, Amenities, and Services Recommended Sleeping Room Configuration Economic Impact Potential Lodging Demand Analysis Ramp Up Year Projections 1-5 Year Projection Market Demand Area SWOT: Community Feedback Site Analysis ………………………………………………………………………………………………………………………….11-16 Development Sites & Maps AADT - Annual Average Daily Traffic Economic Overview ……………………………………………………………………………………………………………17-20 Population Effective Buying Income Workforce/Employment Distribution Unemployment/Labor Supply/Wage Pressures Transportation Information Lodging Demand …………………………………………………………………………………………………………………..21-27 Market Segmentation Events and Attractions Community Interviews Lodging Supply ……………………………………………………………………………………………………………………..28-50 Competitive Hotel Properties Peak and Low Season Projected Average Daily Room Rate & Positioning Historical and Projected Market Performance Local and Competitive Set Surveyed Lodging Details STR Data Trends & STR Chain Scales Hotel Market Feasibility Study Introduction Beatrice, NE The following Comprehensive Lodging Feasibility Study Report will review the potential development of a hotel in Beatrice, NE. Core Distinction Group LLC (CDG) has been engaged
    [Show full text]
  • Area Hotel Name Phone # Distance to Liberty Lynchburg Sleep Inn 434
    Commencement Hotel Availability - 2018 Distance Area Hotel Name Phone # to Liberty Lynchburg Sleep Inn 434-846-6900 0.9 Lynchburg Kirkley Hotel and Conference Center 866-510-6333 1.3 Lynchburg Holiday Inn Express 434-237-7771 1.3 Lynchburg Comfort Inn & Suites 434-266-1111 3.60 Lynchburg Econo Lodge 434-847-1045 3.90 Lynchburg Affordable Corporate Suites 434-239-1015 3.9 Lynchburg East Side Suites 434-426-1378 5.9 Lynchburg Holiday Inn 434-528-2500 6.5 Bedford Budget Inn 540-586-8182 12.5 Lynchburg Eagle Eyrie 434-384-2211 14.70 Altavista Master's Inn-campground facility 434-369-5053 15.33 Altavista Quality Suties Altavista 434-369-4000 18.00 Bedford Days Inn 540-586-8286 24 Bedford Graham Ordinary 540-586-0363 30.1 Brookneal Harpers Mill Bed and Breakfast 828-246-4886 30.50 Bedford Cedar Post Inn 535-299-6327 32.8 Bedford Bedford Landings 540-488-4600 33.3 Lexington Econo Lodge 540-463-2739 46.5 Lexington Sheridan Livery Inn 540-464-1887 47.5 Lexington Wingate Inn 540-464-8100 48.1 Lexington Sleep Inn 540-463-6000 48.4 Lexington Best Western Plus Inn at Hunt Ridge 540-464-1500 48.4 Lexington Country Inn & Suites by Carlson 540-464-9000 48.4 Lexington Comfort Inn Virginia Horse Center 540-463-7311 48.5 Roanoke Rodeway Inn Civic Center 540-981-9341 48.90 Roanoke Days Inn Roanoke Civic Center 540-904-1938 49.40 Roanoke Hotel Roanoke & Conference Center 540-985-5900 49.8 Wintergreen Wintergreen Resort 800-266-2444 50.00 Roanoke Howard Johnson Daleville 540-992-1234 50.20 Roanoke Country Inn & Suites by Carlson 540-366-5678 51.6 Roanoke Days
    [Show full text]