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28 Units
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28 unit independent motel for sale in Missouri with pool, large living quaters, 2 car garage with shop on 8 acres. Elderly owner is retiring and looking for offers to purchase this motel that has supported her and her family for many many years. Located on US highway in a small but thriving town. Business drivers include hospital, college and athletics. 2 hours to Kansas City, 2 hours to Tulsa and 1 hour to Springfield. $550,000 (FS469) Frank Smith
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80 Units
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PRICE REDUCED. MOTIVATED SELLER. Full service hotel for sale near major international speedway. 80 units. 2.4 acres m/l. Located on interstate. Outdoor pool & exterior corridors.
Denny Van Den Berg - Southeast International Hotel Brokers
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145 Units
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Kansas City metro area franchise motel for sale. 145 units, interior corridor, indoor pool, leased lounge. Situated on 9.5+/- acres fronting Hwy 71 at 4-way interchange. Major rail, warehousing and industrial development at your front door. (MM526) $2,550,000. Mac McClain - Southeast International Hotel Brokers
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39 Units
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Price lowered to $1,125,000.00 for this 39 unit franchise property. Offers interior and exterior room options an indoor pool & jacuzzi and 2 bedroom living quarters.
Tom Potts
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38 Units
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38 unit motel for sale on Stockton Lake, just 2.5 hours from Kansas City, Missouri.
Motel with living quarters and outdoor pool, restaurant, lounge, 9-hole golf course (equipment included in the sale), equipment barn, pro shop and boat dock, located on 50 acres (no corps lease), all just steps from the lake. 4.5 hours from St. Louis, Missouri, 1.25 hours from Springfield, Missouri. Fishing, water skiing, sailing, equestrian trails, hiking trails and hunting draw over 1 million visitors a year to this 25,000 acre lake and its 300 miles of forested shoreline. Enjoy the breathtaking beauty of this area year round. 6 income generators plus living quarters offered at $700,000 (TP471) Tom Potts - Southeast International Hotel Brokers
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HOME : Other Services
A judicial foreclosure is looked upon as a routine matter and often times that proves to be the case. In hotel foreclosure, however, where the stakes are higher, the borrowing can be into the millions and collateral includes things other than just real estate, it is important to remember than judicial foreclosures can be complex and require attention. The real property and collateral in hotel foreclosures include business operations which need to be continued during any foreclosure. In such instances, in order to protect the creditors’ interests, something more than a simple foreclosure action may be required.
Probably the most useful tool in the
arsenal of a creditor seeking foreclosure on a hotel property is the appointment
of a receiver. The primary reason for the appointment of a receiver would be to
preserve the property being foreclosed during the pendency of the foreclosure
action. Additionally, the creditor may also be looking to cash from business
operations as part of its collateral. In such cases, the appointment of a
receiver is a means of stopping the outflow of cash through the debtor and
accumulating it with the receiver during the pendency of the foreclosure. The
receiver is a fiduciary and has responsibilities to take and keep possession of
the property, receive rents, collect debts and do all things necessary to
preserve the property and to act as the court may authorize.
The principals
of Southeast are career hotel and real estate professionals, owning properties on
their own account. Southeast has managed, owned, and developed hotels,
restaurants, residential subdivisions and golf courses.
Southeast works for results. It is its business to work with the owners of the
property and determine their goals. In a rapidly changing and threatening
marketplace, there are times when it is best to manage and develop a
property/hotel until the market conditions rise to a point when the value of the
hotel can be maximized. At other times, the goal is to liquidate the asset as
quickly as possible. It is Southeast's commitment to work to determine and
achieve the appropriate goal !
Southeast was formed in 1964 and remains the country's leading hospitality
broker, having sold and closed many hotel properties throughout the United
States. Large, national clients have remained pleased with its service for more
than 40 years.
Southeast can only be as successful as its clients are satisfied. That is more
than a slogan: it is a commitment.
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