Asking Price: $ 899,000
27 Rooms Independent Motel for sale with Owner/Manager Apartment in Western PA certificate of excellence award winner from Trip Advisor for consecutive 5 years
Offered at the CAP Rate of 15% based on 2021 Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
| Gross Revenues | 350,981 | 308,929 | 287,580 | 237,284 | 185,827 | 306,805 |
| Other Revenues | 196 | 181 | 157 | 139 | 15,093 | |
| Gross Revenues | 351,177 | 309,110 | 287,737 | 237,423 | 200,920 | 306,805 |
| Net Income | 109,419 | 88,972 | 66,989 | 28,736 | 32,343 | 84,286 |
| Add Backs | 48,000 | 47,000 | 42000 | 48,000 | 48,000 | 54,000 |
| Adjusted Net Income | 157,419 | 135972 | 108,989 | 76,736 | 80,343 | 138,286 |
- Fee Simple Motel is 27 rooms and provides several amenities like complimentary breakfast, complementary high speed internet, cable with HBO, coffee makers, ironing boards, charging stations, refrigerators, hair dryers and microwave come standard in every room. The rooms are offered at competitive prices and provide best bang for your buck. Motel has won the award of excellence from Trip Advisor for consecutive 5 years i.e. 2017, 2018, 2019,200,2021
- Profitable, highly-rated 27 unit motel building in a rural, college-town setting.
- Building features two suites, with potential for owner-occupancy in the larger suite (full kitchen, living room, 2-3 bedrooms). Impressive building with newer roof and boiler, continental breakfast/business space, and outdoor picnic area with grill. Outstanding maintenance is evident across the facility and grounds.
- Property is a favorite with guests; five consecutive years earning Expedia awards while guest-reviewed as 4.7/5 (highest ranked lodging in the area).
- Neighboring college (2 miles), two additional colleges within 30 minutes, and four airports located within 90 minutes. Also near golf courses, outlet mall, breweries, wineries, petting zoo, and more. Rural setting is in an outdoorsman’s paradise, conveniently placed near fishing, hunting, boating, kayaking, and hiking opportunities.
- Remained profitable throughout 2020 and 2021 COVID pandemic. A proven winner