LEBANON, OR Country Maid Financial announced that its subsidiary, Territorial Inns Management, has completed leases with an option to purchase two lodging properties from True Visions Co. LLC and its affiliates. Each of the lodging facilities is valued at $2 million and will be operated and manged by Territorial Inns Management.
The 60-room Best Western Hallmark Inn in Lawrence, KS, is anticipated to add an additional $700,000 per year in revenue to Country Maid Financial. The other facility consisting of 95 rooms is the Select Inn in Joplin, MO, which has estimated gross revenues of approximately $800,000 annually. (1/8/01)