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

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Shore Front Franchise Motel for sale in New Jersey

Number of Units: 40 hotels for sale motels for sale
 
Price: $ 2,900,000

Description of Motel:

Corridors: Interior
No. of Rooms: 40
No. of Stories: 3
Reasons for Selling: Looking for bigger investments for the portfolio

Amenities:

  • 24-Hour Reception Desk
  • Business Center
  • Certified Eco-friendly
  • Children's Pool
  • Daily Housekeeping
  • Flat Screen Televisions
  • Free Breakfast
  • Free Parking
  • Free WiFi
  • Multilingual Staff
  • Pet Friendly
  • Pool – Outdoor
  • Rollaway Beds Available


FINANCIALS:


2015

2016

2017

Gross Revenue

$766,071.11

$712,536.77

$648,089.33

ADR 83.00 99.13 103.74(Jan-Oct)

Occupancy

58.8

49.1

48.0(Jan-Oct)

Revpar

48.79

48.66

49.78(Jan-Oct)

Net Income

$376,485.71

$328,948.97

$301,466.75


Detailed financial package available to qualified and serious buyers only.