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Boutique Hotels for Sale
This beautiful French-style boutique hotel had opened in June 2001 after a complete renovation. r either individual or institutional purchase. It is located in a beautiful area in Oklahoma. Surrounded by rolling hills and flower filled pastures, it resembles the scene of a romance movie. This urban area is currently experiencing a strong revitalization and a business expansion which will increase customer flow and guest relations.
A large willow tree stands in front of the property. It provides shade and comfort and a homey atmosphere. A few yards from the building there is a brook that runs into one of the bodies of water. It is a great place to lounge, pick some of the wild berries or fish for some trout. The previous owners hung a few hammocks in that area and build a treehouse for the kids. The atmosphere is so relaxing and the landscape is so beautiful that the previous owner also made a little money on the side if photographers ever expressed interest in having a photo shoot.
This property consists of 25 suites. Each suite is 500 square feet and each features an amazing collection of French antiques and one-of-a-kind accents. Guests will marvel at the beauty in their rooms and will not want to leave.
Each suite has a kitchen with a breakfast nook. Refrigerator and microwave as well as working stove and oven are included. The bedroom has a kind size bed with a feather blanket and several oversized pillows. The bathroom has a vanity setting and a garden tub for guests to enjoy a relaxing soak. The living area has a big screen television set. Wireless Internet access is available throughout the suite.
The hotel also has a large lounging area with a fireplace where guests can gather to mingle or just cozy up by the fire in winter months. Previous owners provided free coffee and hot chocolate or iced tea for guests.
There is much that guests can do in the surrounding area which makes their stay more enjoyable. There are horse stables 20 minutes away and a vineyard an hour away. To go along with the boutique hotel experience, there is a wide variety of boutique shopping on Read Road within the Historic Shopping District.
The asking price of this property is $500,000 to $1M. You can expect gross revenues of $112,000 and a cash flow of $61,274. The type of cash flow received is Sellers Discretionary Cash. There is approximately $150,000 worth of inventory in this property. Previous owner is interest in other business investment and needs to sell quickly.
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