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Best Western - Bardstown, KY     $1,550,000  
•   Hotel has High Guest Satisfaction Scores and Qualifies for the Automatic Transfer.
•   48 Rooms.
•   Financing Options Are Available.
•   Excellent Owner/Operator Opportunity.
•   One of the Area's Top Meeting Spaces and Facilities.
 
Location/Market
411 West Stephen Foster Avenue
Bardstown, KY 40004
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Located In Historic Downtown Bardstown, 40 Miles South Of Louisville
More Bourbon Is Produced In Nelson County Than Any Other Area Of Kentucky Attracting Both Visiting Tourist And Professionals In The Spirit Business
Very Attractive Location For Tourist And Motor-Coach Groups Touring The Area
Convenient To The Departure Station For The My Old Kentucky Home Dinner Train
Located As A Convenient Alternative Between Elizabethtown, KY (26 Miles) And Lexington, KY (60 Miles) Just Off The Bluegrass Parkway
Regional Attractions Include…
• Area Distilleries Include Jim Beam, Maker’s Mark, Tom Moore, Four Roses, And Heaven Hill
• My Old Kentucky Home State Park
• Stephen Foster Story Outdoor Drama
• Kentucky Railway Museum
• Oscar Getz Museum Of Whiskey History
 
Physical Plant
48 Rooms Various Wooden & Concrete Block Structures
Large Ballroom Brick Facade
Outdoor Heated Pool Main Guest Building - Flat Roof
4 Additional Bays That Can Be Converted To A Managers Apartment Or Guest Rooms Other Buildings - Pitched Shingle Roof
Recreational Courtyard With Pool Asphalt Parking Lot
2 Stories Main Guest Building-1962
Exterior Corridor Lobby - 100+ Years Old. West Wing (8 Rooms) - 1982. Carriage House Ballroom - 1997.
 
Financials
May-Dec 2008
2009
T-12 Mos. thru 7/10
Occupancy
41.7%
47.6%
39.9%
Average Daily Rate
$75.29
$74.52
$70.34
Room Revenue
$368,964
$621,469
$491,194
Net Operating Income
* $45,040
$127,499
N/A
* Net Operating Income for 2008 reflects the period from mid-April (when current ownership acquired the property) through December 31, 2008.

However, ownership did not begin tracking daily operating statistics until May 1, 2008. Operating statistics for the partial month of April 2008 are not available.
  

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!

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