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FairBridge Publishes Revenue of Turnaround Property
FairBridge Hotels International recently published the revenues from a hotel it has turned around in Post Falls, ID.
One year ago, FHI assumed complete operational and managerial responsibility of the FairBridge Inn Express in Post Falls, ID, for Inland Northwest Bank. This 99-room limited-service
property formerly operated as a Howard Johnson.
In June of last year, the trailing twelve-month revenues of the Post Falls property were $522,000. We have increased revenue by 36% to $709,000. Reps at FHI anticipate that this asset will sell at or near the lender's asking price.
Director of Brand Operations, Frederick Schoener, commented, “We specialize in maximizing a distressed property's current revenue potential while making it more attractive to prospective buyers...We present a turn-key solution that addresses cost, strategic marketing, employment and HR, or any matters related to the efficient and responsible handling of the asset. Our costs are among the lowest in the industry and our level of service, professionalism and performance are exceptional.”