Comfort Inn & Suites
Description
Located at the one of the National Parks in California, 102 unit Franchise Hotel, 70 % occupancy with ADR $152, Room revenue $4,000,000 , Yearly NOI $2,000,000, no new hotel building permit allowed due to the zoning code of California National Park. All PIP is current.
Essential Information
- Property Type Hospitality
- Asking Price 15,900,000
- Number of Unit 102
- Room revenue 4,000,000
- ADR 152
- Occupancy(%) 70%
- Yearly NOI 2,000,000
- Cap Rate 11.52
- Year Built 2000
- Year Remodel 2016
- # of buildings 1
- Building Size 68000
- Lot Size (acres) 4
- Franchise or Non franchise Franchise
- Interior corridor or exterior corridor Interior