Two Franchise Hotels for 50 and 58 Rooms for total of 108 Rooms adjacent to each other

Slider

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