Post #445151 by Psycho Tiki D on Mon, Apr 6, 2009 11:15 AM

Found this posting on craigslist today...

http://sfbay.craigslist.org/sfc/bfs/1105906165.html

Excellent property for investment purposes. The hotel is centrally located 90 miles from Yosemite National Park, San Francisco, Sacramento and Fresno.
There are a wide variety of restaurants and several shops located in the area. Tiki Cocktails is located on the premises and serves fantastic cocktails from 2 P.M. to 2 A.M. Guests of this Modesto hotel will enjoy many superior amenities including free coffee and breakfast everyday, free local calls, free high speed wireless internet and outdoor pool. Business travelers will appreciate access to a fax machine. There are 60 rooms (upgraded to meet AAA standards)which have an occupancy rate of %70. Its monthly sales are between 40,000 and 45,000. The monthly rent is $10,000. The lease is for 20 years. There is a franchise fee of $1800.00 per month. The price is $600,000. Call Lionel at 510 377-4955 or e-mail [email protected] for more info.

Location: Modesto
it's NOT ok to contact this poster with services or other commercial interests

Anyone want to go in on it?

PTD

[ Edited by: Psycho Tiki D 2009-04-06 11:16 ]