National Commercial Auctioneers to Auction 235-Room Hotel in Melbourne, Florida

MELBOURNE, Fla., Sept. 29 /PRNewswire/ -- National Commercial Auctioneers [www.natcomauctions.com] announces the auction of two hotels in Melbourne, Fla., on Thursday, October 21, according to Fernando Palacios, Regional Vice President - Broker.

"This is a tremendous opportunity to purchase a 235-room hotel currently operating under two flags," said Palacios. "The hotel is ideally located, directly off I-95 and within four miles of Melbourne Beach, making it a mainstay for Florida travelers."

Located at 4455 West New Haven Avenue, the hotel is currently operating with a split franchise agreement between Econolodge and York Inn, and 103 rooms were remodeled, including all new case goods, in 2008 to meet the agreement with Choice Hotels. The property is offered for one bid without a franchise agreement.

Amenities include: outdoor pool, on-site guest laundry, free oversized parking for trucks; cable television with free HBO, and free wireless internet. The property also has handicapped rooms. In International House of Pancakes (IHOP) is located on the property, giving this property a steady stream of corporate income of $2,000 per month, plus 10 percent property taxes, insurance and all utilities.

Inspections are scheduled for October 7 at 12pm, October 14 at 12pm and October 21 at 11am. For more details on how to receive a property information package, visit www.natcomauctions.com or call toll free (877) 895-7077.  

National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.

SOURCE National Commercial Auctioneers