Dear Friend,
This is a large and beautifully made (35) 2 room, (35) 1 room hotel suite inn. Each one room suite is 350 sq. ft. and each 2 room is 450 sq. ft in size. The building structure age is 2 years old. Currently a franchise, but, can be converted to private use after June 2007 without a prepenalty. You can change anytime with a prepenalty.
The website address is www.qualityinnmountainview.com
The total size for living space is is 34,000 sq. ft. and the lot space size if 44,000 sq. ft. or 1 acre.
In year 2004, room sales were $640,000. In 2005, the room sales were $1,100,000. Visably located right off Highway 101 in the heart of Silicon Valley, it is the last hotel that can be built in Mountian View. There is underground parking spaces and outside parking.
There are no zoning restrictions on this property. There are no liabilities to disclose. And, there is no outside agency the property is being leased by. All good news.
If you do the math, (we had done the research)today it would cost $150,000 to build each room or a total of $10,500,000! or, (70) ROOMS TIMES $150,000 EACH TO BUILD EQUALS $10,500,000!
Sorry, no seller carry backs. This hotel would be perfect to convert to condominiums or apartments.
If you are a principal purchasing this property, subtract a total of $700,000 off the sale price of $10,500,000. As a principal, your price will be $9,800,000 if your purchase contract offer is made by or before the deadline date of March 10th, 2006.
Thank you.
Peter de Vera
415-756-5629
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