0%
ROI$ 1,050,000 Total Investment $ 25,000 Minimum Investment
The subject property is currently a independently owned hotel that was a former Motel 6 constructed in 1983. The exterior corridor property includes 79 guest rooms and one manager’s quarter with 1 bedroom and 1 bathroom and full kitchen. The building is 24,168 SF and sits on a 2.29 acres lot. Amenities include: pool, ample parking, large pylon sign and visibility from Highway 84 and Interstate 20. The location offers an excellent mix of hotels and restaurants and sits adjacent to US Route 84. This highway runs a length of about 1,919 miles from Colorado and passes through New Mexican, Texas, Louisiana, Mississippi, Alabama and ends in Georgia. Potential buyers have the opportunity to create value through a renovation and repositioning of the asset, which is currently managed by out-of-state absentee owners. Current revenues are well below the competitive set within the city of Sweetwater. 2019 data shows Occupancy at 59.3%, ADR at $75.83 and RevPAR at $45. The RevPAR indicates a potential for this hotel to generate over $1.2M in revenues. A new owner can achieve the increased income by completing a renovation, repositioning the advertising strategy to online websites and adding amenities like continental breakfast.
Read More Read LessIT can provide financial security. You know you can sell the home for more than you bought it if you hold it for a while. Real estate doesn’t depreciate, or usually, it doesn’t. Even though it’s a tangible asset, like a car, it appreciates rather than depreciates. Even if a home loses value, you can always count on it being worth something.
Estimate Total Investment
Estimate Sale Price
Estimate Sale Costs
Estimate Gross Profit
| Total | Vairt | Partner | |
|---|---|---|---|
| Estimate Purchase Price | $ 850,000 | $ 850,000 | |
| Estimate Rehab cost | $ 200,000 | $ 200,000 | |
| Estimate Total Investment | $ 1,050,000 | $ 1,050,000 | |
| Estimate Sale Price | $ 2,500,000 | 1,250,000 | 1,250,000 |
| Estimate Hold time | 1.5 Years | ||
| Estimate Sale Costs | $ 175,000 | ||
| Estimate Gross Profit | $ 1,275,000 | 637,500.00 | 637,500.00 |
| Estimate Management Fee | $ 0 | ||
| Estimate Net Profit | $ 1,275,000 | 637,500.00 | 637,500.00 |
Certain statements contained in this document constitute forward-looking statements. Such forward-looking statements, including our intended actions and performance objectives, projections, targets, estimates, or forecasts involve known and unknown risks, uncertainties and other important factors, including our ability to successfully develop and operate the Vairt Marketplace, our business model and the services we intend to offer. These factors are based on expectations and assumptions that may change and are subject to regulatory uncertainty, changes in our legal environment and the blockchain and real estate industries generally, which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. All amounts, numbers, ranges, and values presented in this document are subject to material change and should be taken as preliminary and indicative only. Any such amounts, numbers, ranges, and values are based upon preliminary estimates, remain subject to ongoing analysis and may change materially. All forward-looking statements in this document speak only as of the date hereof. We expressly disclaim any obligation to update any forward-looking statement to reflect any change in our expectation or any change in events, conditions, assumptions or circumstances.
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