Best Western Plus
Description
REMARKS: Two buildings sit on the huge commercial land, 4.82 acres which have a room for another brand hotel. The main building has 120 rooms and another building for the huge convention center. In 2018, room revenue was total $2.82 Mil ($ 2.42 million from hotel and 400k from the convention center including restaurant/lounge). All PIP is almost current. GOOD CASH FLOW HOTEL AND EXCELLENT FUTURE POTENTIAL FOR THE INCOME AND EXPANSION!!
Essential Information
- Property Type Hospitality
- Asking Price 10,000,000
- Number of Unit 120
- Room revenue 2,820,000
- ADR 95
- Occupancy(%) 70%
- Yearly NOI 1,133,000
- Cap Rate 11
- Year Built 1985
- Year Remodel 2016
- # of buildings 2
- Building Size 72,000
- Lot Size (acres) 4.82
- Franchise or Non franchise Franchise
- Interior corridor or exterior corridor Interior