Price: $ 4,900,000
CAP: 10.21% (Based on latest financials)
Description of Motel
Corridors: Interior
Number of Rooms: 130
Number of Stories: 5 (main building)
Hotel has a lounge with bar and banquet hall with a breakfast room
Hotel recently got an upgrade on the Franchise
Reasons for Selling: Looking for bigger investments in our portfolio
Financial metrics is mentioned below:
| Year | 2016 | 2017 | 2018 |
| Occupancy | 30.5% | 36.3% | 39.9% |
| ADR | 76.72 | 74.40 | 71.68 |
| RevPAR | 23.37 | 27.04 | 28.60 |
| Room Revenue | $ 1,286,931.65 | $ 1,284,463.93 | $ 1,328,539.43 |
| Other Revenue | $ 73,541.94 | $ 75,687.87 | $ 72,057.22 |
| F&B Revenues | $ – | $ 80,451.06 | $ 58,059.75 |
| Gross Revenues | $ 1,360,473.59 | $ 1,440,602.86 | $ 1,458,656.40 |
| NOI | $ 443,927.20 | $ 523,527.77 | $ 500,355.65 |