Timm & Associates, Inc. has been exclusively selected to represent the bank in the sale of the former Holiday Inn, currently unencumbered by a Franchise located in Owatonna, MN . Franchise options include: IHG, Wyndham and Best Western This is a rare opportunity to purchase this bank owned property that is priced substantially below current replacement costs for a similar new construction asset. This hotel is currently the largest full-service property in the area, allowing a unique competitive advantage over other hotel in the market. There is substantial operating and financial upside for this hotels and there is interest from multiple brands for a flag conversion.
AmericInn by Wyndham of Webster City, IA
This award-winning AmericInn has recently completed a full Pursuit PIP, featuring all new guest room FF&E, updated carpet and window treatments, refreshed corridor paint, new lobby furniture and artwork, modernized breakfast area furnishings, and upgraded guest...
