Total Renovation Taking Place - 44 Rooms

Budget Inn in Mckenzie Under New Ownership

By Linda Bolton of the Mckenzie Banner

MCKENZIE - Budget Inn of McKenzie has been purchased by Nash Estafanous, 45  of Hernando, Florida. The deal was finalized Monday by Realtor Mary Perry of Tri-County Realty in McKenzie.

Estafanous plans to completely remodel the 44-room inn, giving it a new facelift and will rename the motel "A1 Value Inn of Mckenzie." He also owns A1 Value Inn of Hernando (Florida) and is a contractor in the process of constructing nine homes in Florida.

Originally from Cairo, Egypt, Estafanous moved to Staten Island, New York at the age of 15 and following a tour of duty in the U.S. Navy at age 19, he spent the next 26 years as a builder in New York and Florida. 

The new owner said he saw the business for sale on the Internet and though it was a good deal.

A single man, he plans to relocate to McKenzie at a later date. As well as his holdings in Florida, he also owns considerable rental property and beauty shop in New York.