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: $ 3,800,000

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:


2013

2014

2015

2016

ADR

92.37

79.26

83.00

99.13

Occupancy

43.3

60.2

58.8

49.1

Revenues

$243,590.49

$783,819.26

$766,071.11

$729,536.77

Net Income



376,485.71

328,948.97


Detailed financial package available to qualified and serious buyers only.