Quality Inn & Suites

Description

80 unit 2 story interior corridor, Excellent cash flow franchised hotel, This hotel was converted to Quality Inn and Suites from Days Inn in 2016. PIP is current. It is located in the Down Town Kent WA. Excellent Cash flow, 20% down SBA financing is available.

Essential Information

  • Property Type Hospitality
  • Asking Price 8,290,000
  • Number of Unit 80
  • Room revenue 1,845,000
  • ADR 85
  • Occupancy(%) 75%
  • Yearly NOI 805,000
  • Cap Rate 9.7%
  • Year Built 1968
  • Year Remodel 2015
  • # of buildings 1
  • Building Size 34,786
  • Lot Size (acres) 1.40
  • Franchise or Non franchise Franchise
  • Interior corridor or exterior corridor Interior