Franchise Hotel for Sale in New Jersey

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Hotel Overview

Corridors: Interior
Stories: 3
Number of Rooms: 21
Price: $1,950,000.

Amenities

  • Increasing income over the years
  • Only ½ Block to beach (3 minutes walk to the beach/ocean)
  • Good owner operator starter hotel
  • Low operating cost
  • Open year around
  • By one of the nicest beaches in NJ (rated TOP 10)
  • Outdoor Swimming Pool
  • Walking distance from Seaside Heights Sky Ride and close to Casino Pier
  • Hotel is within close proximity of Beach and Coin Castle
  • Each room has fridge and microwave
  • Hotel also have picnic area and barbecue grills
  • Property in excellent condition so very minimal renovation required at the transfer of franchise to new ownership 

Financials


2013201420152016
ADR
$ 111.27$ 100.54$ 103
Occupancy
46.50%43.1%51.5%
Revenues$ 281,686$ 353,185$ 354,164$ 406,000
Net Income$ 99,135$ 148,350$ 145,985$ 195,400