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Property Overview
Price/Rent PSF $ 2,899,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 1
Date Available 10/31/2018
Search Demographic Data Explore financing options
Description

Property Highlights: Rooms: 42 2017 Revenue: $763,630 ADR: $74.89 RevPAR: $49.12 Asking price: $2,899,000 Revenue Multiplier: 3.79x Occupancy Rate: 65.5% Cap Rate: 16.04% Franchise fees are extremely low at only 4%. Revenue has only gone up since 2014. Buyer will walk away with over $250,000 per year AFTER paying mortgage and payroll. New manager's apartment under construction next to swimming pool. Seller moved from up North and Seller's family would prefer to move back. Zero PIP. All rooms are in excellent condition. Please see P&L and Revenue Figures attached below. Please do not call the property directly to talk to the seller. Please do not speak to any employees at the property. Give us a call when you'd like to visit.

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