Red Lion Inn & Suites Kent WA

Description

Recently renovated and last trailing 3 months room revenue this year has been up by 23 % than last year, therefore this year expecting room revenue is more than 1.85 million. Conveniently located off Highway 167 just six blocks from Kent Station and 25 minutes to downtown Seattle Washington. The hotel is approximately seven miles from Seattle-Tacoma International Airport.  Well established and excellent cash flow Hotel.

Essential Information

  • Property Type Hospitality
  • Asking Price 7,290,000
  • Number of Unit 60
  • Room revenue 1,750,000
  • ADR 95.00
  • Occupancy(%) 83%%
  • Yearly NOI 710,000
  • Cap Rate 9.74
  • Year Built 1998
  • Year Remodel 2015
  • # of buildings 1
  • Building Size 34577
  • Lot Size (acres) .67 acre
  • Franchise or Non franchise Franchise
  • Interior corridor or exterior corridor Interior