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Best Western Inn & Conference Center Branson, MO

8514 MO-76 Branson West, MO

65737

Contact

Whitney Driver [email protected] (317) 308-8604RB17002064

Bonnie Behrend Missouri License #2014007231

Best Western Branson West, MO

Our Thoughts/Background Story of Best Western Branson West, MO

We are proud to present this very beautiful and unique AWARD-WINNING Best Western property in Branson West, MO. Below are the investment aspects I find very interesting about this hotel.

#1. Low RRM: If you are in the hotel industry, I am sure that you have seen the room revenue multiple on properties go up over the past few years. Most properties that we see are selling are anywhere from 3-4.5X RRM. Based on the $1.694MM in room revenue, this property is priced at roughly 3.12 RRM (2.94 times gross sales. Does not include occupancy tax and ticket sales).

#2. Low Cost Per Key: With 145 rooms, this is priced at roughly $36,552. Anyone that has invested in this industry knows that you could not come even close to building a Best Western at that cost per key today.

#3. Auto Transfer Approved: This property has been approved for auto transfer. Buyer will have to pay for transfer fee, but it's still cheaper than getting a new membership agreement. This property has won the Directors Award in 2017 and 2018. #4. Bank Approved Financing: We already have a bank approval for financing. This isn't just a LOI, but rather a full approval (appraisal has already been completed). If you go with this lender, the appraisal has already been paid for, which means lower closing cost for you. This has been approved as both a USDA and SBA 7(a) loan.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

#5. Quick Closing: If you choose to go with the lender we already have in place, closing can happen within roughly 30 days. It's not required that you go with our lender, but closing time will be a factor under consideration when comparing offers.


Investment Overview- Priced at a >12% CAP,

- Cashflowing property with a cash on cash return of 20-25% depending on add-backs,

and your down payment.

- Recently renovated, minimal to no PIP expected- auto transfer available

Property Highlights- 145 unit interior corridor

- Recently renovated

Location Highlights- Located in Branson West, MO

- Located right next to the famous Silver Dollar City Theme Park

- Branson, MO has over 7MM visitors annually



Description: This Best Western is located right next to the famous Silver Dollar City Theme Park. The distance is less than a 1/2 mile. The theme park has been

open since 1960. In 2017, the theme park had over 2,100,000 visitors. Additionally, it just recently opened the fastest and tallest spinning roller coaster in the world.



Property Information: The 145 room, interior corridor property was built in 1977. Over the past 2 years, it has been extensively renovated and over $800,000 has been invested to meet and exceed Best Western standards. This property has won the Directors Award in both 2017 and 2018 due to the high scores they received on their quality assurance inspections. The property is eligible for automatic-transfer and rests on 6.81+ acres of fee simple land. Hotel amenities include a 3,281 sq. ft. meeting space, indoor pool, children's pool, indoor whirlpool, game room, lobby workstation, guest laundry room, vending areas, and breakfast dining area.



Revenue Summary: The current owner purchased property in 2016, and revenue has been trending upward. Over the last 3 years, hotel revenue was approximately $1.484MM in 2015, $1.603MM in 2016, and $1.8MM in 2017.



Price $5,300,000Down Payment $1,060,000 (20% Down)Total Rooms 145Price/Room $36,552Occupancy 42.8%ADR $88.59RevPAR $37.92CAP RATE 2017

12.13%

CAP RATE T12 March with Lease

NA

CAP RATE-‐Year 1 Projected 12.54%

RRM-‐2015 3.12RRM-‐END OF 2016 Projected

2.945

YEAR BUILT 1977Ownership Fee Simple

Location 8514 MO-76 Branson West, MO 65737

FIRST TRUST DEED SBA 7(a)LOAN AMOUNT $4,240,000LOAN TYPE Proposed NewINTEREST RATE 7.25%AMORTIZATION 25 YearsPROGRAM SBA 7(a)LOAN TO VALUE 80%Debt Coverage Ra[o 1.75

Financing

IncomeDecember 2017

% OF GRYear 1 Projection % of GR2

Room Revenue

$1,694,346 81.09% $1,750,000 81.09%Gross Revenue $2,089,430 $2,158,095Total Expenses $1,446,404 $1,494,049Net Opera[ng $643,026 30.77% $664,046 30.77%Debt Service $368,201 $368,201Net Cash Flow A`er Debt Service $274,799 $295,845Cash on Cash Return 25.92% 27.90%Plus Leased out Restaraunt NA NA

New NOI NA NANet Cash Flow A`er Debt Service NA NACash on Cash Return NA NA



Location 8514 MO-76 Branson West, MO 65737

Financing


Price $5,300,000Down Payment $1,060,000 (20% Down)Total Rooms 145Price/Room $36,552Occupancy 42.8%ADR $88.59RevPAR $37.92CAP RATE 2017

12.13%

CAP RATE T12 March with Lease

NA

CAP RATE-‐Year 1 Projected 12.54%

RRM-‐2015 3.12RRM-‐END OF 2016 Projected

2.945

YEAR BUILT 1977Ownership Fee Simple

FIRST TRUST DEED USDALOAN AMOUNT $4,240,000LOAN TYPE Proposed NewINTEREST RATE 7.25%AMORTIZATION 30 YearsPROGRAM USDALOAN TO VALUE 80%

Debt CoverageRa[o 1.85

IncomeDecember 2017

% OF GRYear 1 Projection % of GR2

Room Revenue

$1,694,346 81.09% $1,750,000 81.09%Gross Revenue $2,089,430 $2,158,095Total Expenses $1,446,404 $1,494,049

Net Opera[ng $643,026 30.77% $664,046 30.77%Debt Service $347,362 $347,362

Net Cash Flow A`erDebt Service $295,664 $316,684Cash on Cash Return 27.89% 29.87%

Plus Leased outRestaraunt NA NA

New NOI NA NA Net Cash Flow A`er

Debt Service NA NACash on Cash Return NA NA

MISSOURI BROKER DISCLOSURE FORM

This disclosure is to enable you, a prospective buyer, seller, tenant or landlord of real estate, to make an informed choice BEFORE working with a real estate licensee. Missouri law allows licensees to work for the interest of one or both of the parties to the transaction. The law also allows the licensee to work in a neutral position. How the licensee works depends on the type of brokerage service agreements involved. Since the sale or lease of real estate can involve several licensees it is important that you understand what options are available to you regarding representation and to understand the relationships among the parties to any transaction in which you are involved. Missouri laws require that if you want representation, you must enter into a written agreement. This may or may not require you to pay a commission. You do not need to enter into a written agreement with a transaction broker unless you intend to compensate this licensee. These agreements vary and you may also want to consider an exclusive or nonexclusive type of relationship. If you choose not to be represented by an agent, the licensee working with you may be working for the other party to the transaction.

CHOICES AVAILABLE TO YOU IN MISSOURI Seller’s or Landlord’s Limited Agent Duty to perform the terms of the written agreement made with the seller or landlord, to exercise reasonable skill and care for the seller or landlord, and to promote the interests of the seller or landlord with the utmost good faith, loyalty and fidelity in the sale, lease, or management of property. Information given by the buyer/tenant to a licensee acting as a Seller’s or Landlord’s Limited Agent will be disclosed to the seller/landlord.

Buyer’s or Tenant’s Limited Agent Duty to perform the terms of the written agreement made with the buyer or tenant, to exercise reasonable skill and care for the buyer or tenant and to promote the interests of the buyer or tenant with the utmost good faith, loyalty and fidelity in the purchase or lease of property. Information given by the seller/landlord to a licensee acting as a Buyer’s or Tenant’s Limited Agent will be disclosed to the buyer/tenant.

Sub-Agent (Agent of the Agent) Owes the same obligations and responsibilities as the Seller’s or Landlord’s Limited Agent, or Buyer’s or Tenant’s Limited Agent.

Disclosed Dual Agent With the written consent of all parties, represents both the seller and the buyer or the landlord and the tenant. A Disclosed Dual Agent may disclose any information to either party that the licensee gains that is material to the transaction. A dual agent may not disclose information that is considered confidential, such as:

• Buyer/Tenant will pay more than the purchase price or lease rate • Seller/Landlord will accept less than the asking price or lease rate

• Either party will agree to financing terms other than those offered • Motivating factors for any person buying, selling or leasing the property • Terms of any prior offers or counter offers made by any party.

Designated Agent Acts as your specific agent, whether you are a buyer or tenant, or seller or landlord. When the broker makes this appointment, the other real estate licensees in the company do not represent you. There are two exceptions with both resulting in dual agency:

1. The agent representing you as a buyer or tenant is also the agent who listed the property you may want to buy or lease. 2. The supervising broker of two designated agents becomes involved in the transaction.

Transaction Broker Does not represent either party, therefore, does not advocate the interest of either party. A transaction broker is responsible for performing the following:

• Protect the confidences of both parties • Exercise reasonable skill and care • Present all written offers in a timely manner • Keep the parties fully informed • Account for all money and property received • Assist the parties in complying with the terms and conditions of the contract • Disclose to each party of the transaction any adverse material facts known by the licensee • Suggest that the parties obtain expert advice.

A transaction broker shall not disclose:

• Buyer/Tenant will pay more than the purchase or lease price • Seller/Landlord will accept less than the asking or lease price • Motivating factors of the parties • Seller/Buyer will accept financing terms other than those offered.

A transaction broker has no duty to:

• Conduct an independent inspection of, or discover any defects in, the property for the benefit of either party • Conduct an independent investigation of the buyer’s financial condition.

Other Agency Relationships Missouri law does not prohibit written agency agreements which provide for duties exceeding that of a limited agent described in this pamphlet.

This brokerage authorizes the following relationships:

Seller’s Limited Agent Landlord’s Limited Agent Buyer’s Limited Agent Tenant’s Limited Agent Sub-Agent Disclosed Dual Agent Designated Agent Transaction Broker Other Agency Relationship

Broker or Entity Name and Address Prescribed by the Missouri Real Estate Commission as of January, 2005. This additional format prescribed October 2007

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Printed Using Professional Computer Forms Co. On-Line Forms Software 1/08

Keller Williams Realty of Southwest Missouri619 S. FloridaJoplin, MO 64801417-623-9900

best western inn & conference center branson, mo...best western branson west, mo description:...

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