Increasing Market Demand
The Sylo offers an increase market demand as COVID restrictions are easing up allowing tourist and recreational guests the opportunity to vacation and stay at hotels. With the recent conversion of these 51 rooms and rooms being on the market and potential guests feeling the need to explore and rid themselves of cabin fever there can only be one way to go and that is up.
Strong Revenue and Upside Potential
Once travel restrictions are eased, the number of rooms sold are expected to increase there is no base line to gauge numbers off of because the property was bought after the Days Inn had closed down. Room rates are also expected to increase due to higher demand, more travel, and the decrease in rooms available in the local market.
Unencumbered by Management
The property is being offered unencumbered by management, providing the new ownership group with full optionality, including new management.
Purchase, Conversion, and One of a kind Boutique
This is a property that was recently converted from a Days Inn. When the clients purchased the property the hotel had been closed completely for some time. When the current owners purchased this beautiful hotel they completely renovated and positioned it with a Ramada Flag. Then proceeded to have a new brand of Ramada created. They worked with Ramada to accommodate both of their needs and wants and the product came as SYLO. A never before type of boutique hotel.