Upstate New York in Utica Metropolitan Area 104 Rooms Franchise Hotel for Sale

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Price: $ 2,900,000

Offered at 2.8 times of Gross Revenues

Financial Snapshot

YearGross RevenuesADRRevPARNOI
2016$ 979,597.00 $ 86.45$ 25.92$ 211,955.00
2017$ 1,011,237.00$ 86.85$ 24.43$ 211,120.00
2018$ 1,023,357.00$87.19$ 24.57$ 284,177.00

Restaurant is leased out to a stable tenant from last several years and tenant is  having National Franchise  bringing monthly rent in the amount of $ 50,000 

AMENITIES AND SERVICES

The hotel is conveniently located off of Interstate 90, offers real value and the experience of a combination of friendly service, generous amenities and cozy accommodations, which meets the needs of all kinds of travelers. Business travelers appreciate the 15-person meeting room and the business center, which features copy and fax services. The meeting room is located in the 24-hour Denny’s restaurant that is on the premises, where guests can also savor a delicious meal.

Hotel provides following amenities as:

  • Free Wi-Fi
  • Business Center
  • Seasonal outdoor pool
  • Exercise room
  • Free weekday newspaper
  • Gift shop & Newsstand
  • Guest laundry services
  • ATM Banking
  • Coffee Maker, TV, hair dryer, iron & ironing board in every room (some rooms also feature a balcony).
  • The Q Bed features a comfortable, premium mattress and linens, a generous supply of fluffy pillows and a soft & plush blanket
  • Outdoor Parking
  • RV/Bus/Truck Parking
  • Restaurant Picnic Area
  • Safe-deposit box at front desk
  • Pet-friendly Hotel