The part that makes this rare
Weekly stays mean fewer turnovers, lower housekeeping cost and more predictable income than a nightly motel. Occupancy is running at 93%.
The seller is financing the majority of the price at 3.25% on a long amortisation with a six year balloon, and the earnest money stays soft through closing.
Long-term occupants help with housekeeping and maintenance while ownership handles the front desk and administration. A new owner can keep that model or add management and selectively renovate rooms to lift rents.
The debt structure and cash flow are in the package behind the agreement. Buyers should complete their own due diligence.
At a glance
| Property type | Weekly-stay motel28 rooms |
|---|---|
| Location | Metro East, IllinoisSt. Louis metro; exact market disclosed after NDA |
| Occupancy | 93% |
| Purchase price | $1,800,000 |
| Real estate | Included in the priceThree parcels, no existing debt |
| Seller financing | 3.25%, terms disclosed after NDA |
| Down payment to seller | |
| Monthly NOI | |
| Monthly cash flow after debt | |
| Earnest money | Fully refundable, soft through closing |
The business
The motel primarily serves weekly tenants, which gives it occupancy and income patterns similar to extended-stay or workforce housing. It is sold with the motel business, the buildings and improvements, the operating assets and the associated real estate.
Ownership currently handles much of the administration and front desk, with long-term occupants assisting with housekeeping and maintenance.
Where the upside is
Who this fits
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