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

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Franchise Motel for sale in South New Jersey near major Highway

 
Number of Units: 63 hotels for sale motels for sale
 
Price: $4,300,000

Built in 2003
Corridors: Interior
No. of Rooms: 63
No. of Stories: 3

Amenities: Meeting Room, Fitness Center, Bus Parking, Free Hot Breakfast, Elevator(s), Pet-friendly Hotel, Business Center, close to major highway

Financials


2014
(4 months)

2015

2016

ADR

$80.23

$78.64

$78.80

Occupancy

61.2%

65.3%

59.9%

Revenues

$424,079.00

( For 4 months only since the owner took this year)

$1,155,505.00

$1,092,824.00

Net Income

$159,451

$360,298

$349,824



Detailed financial package available to qualified and serious buyers only.