Comfort Inn & Suites

Description

Located at the one of the National Parks in California, 102 unit Franchise Hotel,  75 % occupancy with ADR $145, 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.  PIP is current.

Essential Information

  • Property Type Hospitality
  • Asking Price 18,000,000
  • Number of Unit 102
  • Room revenue 4,000,000
  • ADR 145
  • Occupancy(%) 75%
  • Yearly NOI 2,000,000
  • Cap Rate 11
  • 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