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

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2 Motels for sale in Upstate New York near Canadian Border

 
Number of Units: 106 hotels for sale motels for sale
 
Price: $ 2,450,000

Two Motels (one Franchise) Package of 106 Rooms for Sale in Upstate NY

(One Franchise for 58 Rooms and other 48 Rooms with 24 Efficiencies)

Offered at 10.64 CAP

Property has two hotels for total of 106 Rooms and both the motels are interior corridor. First hotel is franchise and has 58 rooms, Other adjacent one has 48 rooms and is all efficiencies, total 106 Units. Franchise hotel is interior corridor with indoor swimming pool. Independent Motel is also interior corridor with Efficiencies with 48 rooms including 24 kitchenette rooms. One separate building is office building with Office on the first floor and manager’s 2 bedrooms apartment upstairs. Both the motels are situated on 5.14 acres. All guestrooms feature microwave, refrigerator, TV. Current ownership upgraded the property. The property now has excess capacity even during peak demand times. Average Daily Rental is $59 to $105. The property with easy access to Interstate. Property is lose to a big military base.

Financial Highlights

First Hotel (Franchise 58 Rooms)


2013

2014

2015

2016

2017

5 Years Average

Rooms

57

57

57

57

57

57

Available Rooms

20520

20520

20520

20520

20520

20520

Rooms Sold

9277

8408

7221

7923

8300

8226

Occupancy

45%

41%

35%

39%

40%

40%

ADR

62

60

59

61

61

61

RevPAR

$28

$25

$22

$25

$25

$20

Revenue/Rooms

$ 10,040

$ 8,989

$ 7,853

$ 8,848

$ 8,966

$ 8,939

Total Revenue

$ 572,301

$ 512,387

$ 447,607

$ 504,362

$ 511,058

$ 509,543

 

Second Hotel All Efficiencies for 48 Rooms


2013

2014

2015

2016

2017

5 Years Average

Rooms

44

44

44

44

44

44

Available Rooms

15840

15840

15840

15840

15840

15840

Rooms Sold

5617

6898

4755

5507

5548

5665

Occupancy

35%

44%

30%

35%

35%

36%

ADR

47

45

42

44

45

45

RevPAR

$11

$15

$10

$11

$14

$12

Revenue/Rooms

$ 3,899

$ 5,234

$ 3,564

$ 3,886

$ 5,011

$ 4,319

Total Revenue

$ 171,548

$ 230,288

$ 156,819

$ 171,003

$ 220,500

$ 190,032


2013

2014

2015

2016

2017

AVG 5-YRS

Number of Rooms

106

106

106

106

106

106

Occupancy

41%

42%

35%

39%

41%

40%

Average Daily Rate

$54

$52

$50

$52

$53

$52

Total Revenue

$743,849

$742,966

$604,426

$680,203

$731,558

$700,600

Net Operating Income

$261,586

$280,270

$203,005

$238,196

$260,851

$248,782

Net Operating Margin

35%

38%

34%

35%

36%

35%



Detailed financial package available to qualified and serious buyers only.