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

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All Suites Franchise Boutique hotel for sale
Near Albany and Saratoga Springs

Number of Units: 75 hotels for sale motels for sale
 
Price: $ 9,000,000
Description of the Motel:
  • 4 Stories Interior corridor
  • Franchise Hotel

Amenities:

  • Restaurant
  • Bar/Lounge
  • Free High Speed Internet ( WiFi )
  • Fitness Center with Gym / Workout Room
  • Meeting Rooms
  • Business Center with Internet Access
  • Laundry Service
  • Conference Facilities
  • Banquet Room
  • Indoor pool

Renovations:

  • Owner suggest Property went through an estimated $ 3,000,000 in structural and cosmetics renovations including FFE in conversion to the Boutique Branded hotel.
FINANCIALS (Most recent ending 2017)
 
ADR
$ 113.31
Occupancy
$ 51.8%
Revenues
$ 1,989,891
Net Operating Income
$ 820,359
Cap Rate at the Asking Price
9.11%

Performance of the hotel still ramping up and fully stabilized yet after conversion in to the Boutique branded franchise hotel.

 


Detailed financial package available to qualified and serious buyers only.