Real Estate AUCTION – Buffalo Airport Inn

Real Estate AUCTION – Buffalo Airport Inn

Former Microtel Hotel

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Brief Description

30,435 Sq. Ft. Hotel with 88 Rooms

Sits on 1.92 Acres

Auction to be held in ROOM 138

Auction Schedule

Live On-Site Auction

Began: Friday, February 16, 2018 at 10:00 AM EST

Location: 50 Freeman Rd., Williamsville, NY 14221

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Details

Auction to be held in ROOM 138

 

30,435 Sq. Ft. Hotel with 88 Rooms

Sits on 1.92 Acres with access to New York State Thruway

New Roof in 2017

Minutes from the Mall, Restaurants and the Buffalo Niagara International Airport

15 Minutes from Downtown Buffalo

Appraisal Value in 2007 of $2.8 Million

Taxes Approx. $80,000/Year

 

In House Laundry – 2 Commercial Washer and Dryers

Lobby Area with Breakfast Dining Area for Continental Service with Ice Machine

Phase I Environmental Completed in November 2006 with “Clean Bill of Health”

 

6 King Bed Rooms

45 Queen Bed Rooms

13 Double Queen Bed Rooms

5 Triple Queen Bed Rooms

19 Double Twin Bed Rooms

 

More Information:

 

HOTEL UPDATES:

  •  Originally 99  Single Rooms – now 88 Rooms Various Sizes 
  • New Roof June 2017
  • Bathroom Tile June 2017
  • Room Interior Paint 2014
  • Hallways Painted 2010
  • Parking Lot Repave 2010
  • New Carpet 2010
  • Mattress Change In 2009

 

  AVAILABLE FINANCIALS:

 

  • 2006: 800,000 Gross Revenue/60% Occupancy
  • 2013: 959,000
  • 2015 827,000
  • 2016/ 2017: Owner Not Present/Hotel in receivership.  No Financial Information Available

   BRAND: Currently The Buffalo Airport Inn, In the Past it has been called:

  •  Microtel
  • Knights Inn
  • Rodeway Inn

 

  LOCATION

  •  Close To The Buffalo Airport and shopping
  • Easy Thruway Access
  • Close to Downtown Buffalo and The Canadian Border

 

 

 

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Auction Terms

Terms: $100,000 Deposit in Cash or Certified Funds due the day of sale. Balance to 10% due within 5 business days, Close in 30. Everything sold “As Is, Where Is.” No warranty or guarantee is expressed or implied. The information in this Advertisement is correct to the best of our knowledge and in no other way can we guarantee accuracy of it. All sales are final. Additional terms and conditions will be posted at the time of sale. All announcements from the auction block take precedence over any advertised material!

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