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

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Hotel for Sale in Upstate New York

 
Number of Units: 80 hotels for sale motels for sale
 
Price: $ 5,000,000 OFFERED AT 10+ CAP RATE

80+ Rooms interior corridor motel with 5 stories upper tier franchise in Upstate New York at densely populated location

 


2014

2015

2016

TTM (May 2017)

Revenues

$ 1,256,538

$ 1,292,098

$ 1,341,325

$ 1,420,914

Net Income

$ 383,937

$ 425,600

$ 448,454

$ 525,606

ADR

$ 85

$ 8

$ 85

$ 82

Occupancy

49.5%

50.7%

53.5%

57.6%

Revpar

$ 42

$ 43

$ 44

$47

Detailed financial package available to qualified and serious buyers only.