LOCATION - Southeastern Nebraska, on U.S. Highway 81 in the heart of America's agricultural country. Geneva, the seat of Fillmore County, has great schools and is a terrific place to bring up a family or to retire to from hectic big-city life. The property is situated on the town’s north/south main street, with most services within walking distance. Geneva is located approximately 90 miles southwest of Lincoln 90 miles southwest of Lincoln, 20 miles south of York on Interstate-80 and 36 miles north of the Kansas state-line; city population is approximately 2,300 and county population approximately 7,500. The entire region consists of very fertile agricultural land and offers world-class hunting and a great lifestyle.

IMPROVEMENT: 26 nice guestrooms in a U-shaped one-story brick/frame building were constructed in three stages, 1955, 1960 and 1970, and are in very good condition. Individual HVAC units, nice laundry facility with well-kept commercial equipment; an approximately 400-square foot basement is utilized for storage. Wonderful owners quarters consist of two-bedrooms (possibly three), one bath (possibly two), an attractive kitchen/dining room, living room, and a nice front office with reception area. Additionally, a garage, workshop, and a fruit, vegetable and flower garden are part of the property. Approximately one-quarter of a city-block of land features also a large yard. City water & sewer, as well as natural gas are in use. Newly paved Parking Lot in 2006. Current absentee ownership is in place since 2005. This great motel won’t be long on the market.

FINANCIAL: 2008 Property Taxes approximately $4,900; hazard & liability insurance $5,200; average monthly utilities $1,659; average occupancy 45%; ADR $35.18. A sophisticated Buyer would take under consideration that the 2009 Room Revenue of approximately $148,000.00 (Net of Sales & Lodging Taxes) was reported to absentee California ownership (since 2005) by frequently changing management. We estimate the potential Financial Upside for an Owner/Operator to be substantial. 

TERMS:
SBA or Conventional.

Information herein has been obtained from what are believed to be reliable sources, however, Anton Hospitality Brokers, Inc., cannot guarantee its accuracy. References and information contained herein are approximate only and are subject to changes and errors. Assumptions are based on professional management and marketing of the property and future operating results will vary depending on ownership. Buyers must conduct their own investigation and due diligence and consultation with a professional financial advisor is highly recommended. Price is subject to change without notice.