200 Unit Independent Hotel for Sale in North Jersey

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200 Rooms Independent Hotel for Sale in North Jersey
Price : $ 11,500,000
This North Jersey interior corridor hotel is offered Fee Simple has following amenities

Set 3 miles from Newark Liberty International Airport and 5 minutes from the Prudential Center and Manhattan-bound trains,  Riviera Hotel offers budget rooms in an urban neighborhood.

Some of the Popular Facilities offered by the hotel are as below:

  • Free Wi-Fi
  • Non-smoking rooms
  • Family rooms
  • Conference Room
  • Fitness center
  • Vending Machines
  • Facilities for disabled guests
  • 3 Retail Tenants

Financial Snapshot for 2018

Gross Revenues: $ 3,08,243

Net Income: $ 919,883

CAP Rate on the Asking Price: 8.67%