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 11,600,000
  • Number of Unit 120
  • Room revenue 2,820,000
  • ADR 95
  • Occupancy(%) 70%
  • Yearly NOI 1,133,000
  • Cap Rate 9.77
  • 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