Sanjay Gupta
Hospitality Asset Sale Specialist and Advisor
Phone 973-244-5997
Fax 973-244-5998

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Hotel for Sale in New Jersey
21 rooms Franchise Motel at the Beach front

 
Number of Units: 21 hotels for sale motels for sale
 
Price: $1,950,000
  • Total of 21 Rooms
  • 3 Stories
  • Interior corridor
  • 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


2013

2014

2015

2016

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

Detailed financial package available to qualified and serious buyers only.