40 Rooms Waterfront Franchise Hotel for Sale in New Jersey

Slider

Hotel Overview

Corridors: Interior
Number of Rooms: 40 Rooms waterfront Franchise Hotel for sale in NJ
Number of Stories: 3
Price: $ 2,900,000
Reasons for Selling: Looking for bigger investments for the portfolio

Amenities

  • 24-Hour Reception Desk
  • Business Center
  • Certified Eco-friendly
  • Children’s Pool
  • Daily Housekeeping
  • Flat Screen Televisions
  • Free Breakfast
  • Free Parking
  • Free WiFi
  • Multilingual Staff
  • Pet Friendly
  • Pool – Outdoor
  • Rollaway Beds Available

Financials


201620172018
Gross Revenue $ 712,536 $648,089 $ 692,727
ADR $ 99.13 $99.60 $  93.70
Occupancy 58.8%  43.8% 46.8%
Revpar $ 48.79 $43.61 $ 43.88
Net Income $ 376,485  $301,466.75 $ 269,190
CAP Rate 12.98% 10.39% 9.28%