Franchise Boutique Hotel for sale near Albany New York

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Boutique Hotel for Sale Summary

  • 4 Stories Interior corridor
  • 75 Units
  • Franchise Hotel
  • Price $ 9,000,000
  • Owner suggests the Property went through an estimated $ 3,000,000 in structural and cosmetics renovations including FFE in conversion to the Boutique Branded hotel

Amenities

  • Restaurant
  • Bar/Lounge
  • Free High Speed Internet ( WiFi )
  • Fitness Center with Gym / Workout Room
  • Meeting Rooms
  • Business Center with Internet Access
  • Laundry Service
  • Conference Facilities
  • Banquet Room
  • Indoor Pool
ADR$ 113.31
Occupancy$ 51.8%
Revenues$ 1,989,891
Net Operating Income$ 820,359
Cap Rate at the Asking Price9.11%

Performance of the hotel still ramping up and fully stabilized yet after conversion into the Boutique branded franchise hotel.