Any other hotels near or on airports?

("C. Massey" wrote)
How about the Sandpiper Inn at KTFW? I found this page,
http://www.scogginblue.com/B/tx/fortworth/80sai


Sandpiper Airport Inn for Sale
Fort Worth, Texas (KTFW)

Price:$2,000,000 all cash at closing
Reduced to $1,600,000
Number of Units: 80
Room Revenue: The property has been closed since 2001.
The owner represents historical revenues in the $500,000 to $600,000 range
prior to closing.


Buy it for $1.5M
Condo out 75 (of 80) rooms into 25 units. (3 rooms per condo)
Sell each "Airport-Condo" for $160,000 = $4M

25 units x $60K(!!!) conversion costs = $1.5M more dollars.

In your pocket = $1M net. More if you can keep down the condo conversion
costs, the initial price, get more per condo, etc, etc.

You're left with an airport B&B, or just 5 rooms for whatever, a restaurant,
3.5 acres of leased land, plus you still have 1,200 square feet for your
digs or rent it out for office space.

The lease is $1,600 month = $65 per condo owner.

There, that was easy enough. Out for my 3 mile walk now. 52F.


Montblack

The lease is $1,600 month = $65 per condo owner.

Except we do not know the terms and conditions of the lease agreement...

OK, dream big. The east/south side of Oshkosh airport is a lot of farmland.
Build your OWN "EAA friendly" hotel unit by unit and see what happens.

Jim

In article ,
"RST Engineering" wrote:

OK, dream big. The east/south side of Oshkosh airport is a lot of farmland.
Build your OWN "EAA friendly" hotel unit by unit and see what happens.

EAA will tell the City of Oshkosh that Wittman Airport needs the land
for future expansion to accommodate AirVenture.
Said land will be taken by means of eminant domain.

OK, dream big. The east/south side of Oshkosh airport is a lot of
farmland. Build your OWN "EAA friendly" hotel unit by unit and see what
happens.

Trouble is, the OTHER 51 weeks per year, the hotel has to survive.

Can't live on one week of biz per year. Not unless you charge, well, what
he Hilton charges!

:-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"