Price: $ 4,900,000
CAP: 10.21% (Based on latest financials)
Description of Motel
Hotel No. 1: 58 Rooms Franchise
Hotel No. 2 : 50 Rooms Franchise
Total Rooms 108
Conversion from One franchise hotel to two were done on January 1, 2019.
Financials are prior years of 2016, 2017, 2018 are as one Franchise of Days Inn.
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 |