Approved Hotel Site for Sale in New Jersey

South New Jersey hotel site approved to build a 70 room hotel. The site is close to major governmental establishments.

Asking Price Reduced to $ 999,999

  • The Site is over 2 acres in South Jersey and approved to build a 70 room hotel.
  • Hilton or Marriott brand suggested for 95 rooms owner would cooperate with the approvals.
  • Major governmental establishment in the city.
  • Close to international airport.
  • Site excavation done and construction pad is ready.
  • All the utilities up to the site.
  • Location good for Marriott or Hilton brand and the room count can be expanded to about 95.
  • City only has Marriott and Hilton brand hotels.
  • Construction loan for the site already approved and available to the qualified buyer.
  • Property has 5 years tax abatement

Expected ADR for 2012, Occupancy Rate and RevPar for newly constructed hotel in the town where the site is :

Mid Market brand $8973%$65
Hilton/Marriott brand$11987%$103