2 Hotels for sale in Upstate New York


Two hotel package offered for sale at $ 2,450,000 which is 10.64 CAP

Property has two hotels for total of 106 Rooms. Both of  the hotels are interior corridor.

The First hotel is franchise and has 58 rooms. The other adjacent Hotel has 48 rooms and is all efficiencies. The two hotels have a total of 106 Units.

Franchise Hotel is interior corridor with indoor swimming pool. Independent Hotel is also interior corridor with Efficiencies with 48 rooms including 24 kitchenette rooms. There is also a separate building is office building with Office on the first floor and manager’s 2 bedrooms apartment upstairs. Both the hotels are situated on 5.14 acres.

All guestrooms feature microwave, refrigerator, TV. Current ownership upgraded the property.

The property now has excess capacity even during peak demand times. Average Daily Rental is $59 to $105. The property with easy access to Interstate. Property is close to a large military base.

First Hotel (Franchise 58 Rooms)

201320142015201620175 Years Average
Available Rooms205202052020520205202052020520
Rooms Sold927784087221792383008226
Revenue/Rooms$ 10,040$ 8,989$ 7,853$ 8,848$ 8,966$ 8,939
Total Revenue$ 572,301$ 512,387$ 447,607$ 504,362$ 511,058$ 509,543

Second Hotel All Efficiencies 48 Rooms 

201320142015201620175 Years Average
Available Rooms158401584015840158401584015840
Rooms Sold561768984755550755485665
Revenue/Rooms$ 3,899$ 5,234$ 3,564$ 3,886$ 5,011$ 4,319
Total Revenue$ 171,548$ 230,288$ 156,819$ 171,003$ 220,500$ 190,032

Combined Financials

20132014201520162017AVG 5-YRS
Number of Rooms106106106106106106
Average Daily Rate$54$52$50$52$53$52
Total Revenue$743,849$742,966$604,426$680,203$731,558$700,600
Net Operating Income$261,586$280,270$203,005$238,196 $260,851 $248,782
Net Operating Margin35%38%34%35%36%35%