Property Details

   
About Us Listings Register News Services Contact
Home » Search Properties » Featured Property
Masters Inn - Cave City, KY     $1,150,000  $975,000  
[Currently Under Contract]  
•   Located on Interstate 65 Halfway Between Nashville and Louisville.
•   Near Mammoth Cave National Park the Largest Recorded Cave System in the World.
•   Convenient to the Many Tourist Demand Generators Including Caves, Amusement Parks and Dinosaur World.
•   Re-Branding Opportunities Exist to Grow Customer Base.
•   Property is Currently Institutionally Owned and Incorporates a Third Party Management Company.
 
Location/Market
102 Gardner Lane
Cave City, KY 42127
 • View Map
• View Aerial
Located halfway between Louisville (84 Miles) and Nashville (89 Miles).
Primary lodging interchange with restaurants and competitive lodging facilities.
Located across the street from the Cracker Barrel Restaurant.
Six Miles from Mammoth Cave National Park.
Numerous Small Manufacturers Located in the Region.
Less than 1/2 miles from Cave City Convention Center
 
Physical Plant
96 Rooms Concrete Block
Outdoor Pool Brick & EIFS Exterior
Meeting Space (Seats 100-Classroom Style) Rubber Membrane Roof
Recreational Courtyard with Grill Asphalt Parking Lot - 166 Spaces
2-Story Built 1967
Hotel has a total of 131 Rooms (currently 35 are out of service)
Exterior Corridor
 
Financials
2008
2009
T-12 Mos. thru 4/10
Occupancy
23.3%
36.8%
34.8%
Average Daily Rate
$37.08
$34.93
$35.96
Room Revenue
$324,165
$454,546
$443,315
Net Operating Income
($55,756)
$72,158
N/A
• Current owners purchased hotel at the end of 2007.
• Ownership installed swimming pool at the end of Summer 2008.
  

This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!

Return to your search results by following the links below About Us or search again by clicking here.