2 Hotels for 106 rooms for sale in Upstate New York

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PRICE: $ 1,900,000 for both Upstate New York motels

Description of Motel 1:

Corridors: Interior
No. of Rooms: 48 room extended stay
No. of Stories: 2
Amenities: Barbecue grill(s), Free breakfast, Free Wi-Fi, Laundry facilities, Garden, Picnic area, business center, Indoor pool

Description of Motel 2:

Corridors: Interior
No. of Rooms: 58
No. of Stories: 2
Amenities: Free continental breakfast, Free Wi-Fi, Indoor heated pool, Copy and print & fax services
Each guest room offers a refrigerator, microwave

Offering Summary

Purchase Price $1,900,000
Total Number of Rooms 105
Year Built 1989
Price/Room $18,000
Cap Rate 12%
Room Revenue Multiplier 2.6
Lot Size 5.14 Acres

Motel # 1

Occupancy 32%
ADR $69
RevPAR $22
Number of Rooms 57
Number of Stories 2

Motel # 2
Occupancy 32%
ADR $42
RevPAR $14
Number of Rooms 48

Combined Financial Summary

IncomeCombined 2018% of GR
Room Revenue$ 682,051 91.0%
Gross Revenue$ 749,031 100%
Total Expenses$ 517,529 69%
Net Operating Income$ 231,502 31%