Hotel for sale near Hershey Park Pennsylvania

Hotel Swimming Pool
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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