Franchise Hotel for Sale in Virginia

Number of Units: 142

Price: $4,400,000

Hotel Description:

Completely remodeled in 2005
Swimming Pool
High speed internet
Meeting room

Attractions:

Near International Airport and convention center and
Coliseum
Two public beaches in the area
Population of 149,000 people

Financial performance at a glance

	2007	2008	T-12 Jan 2010
ADR	59	54	48.6
Occupancy	49%	48%	50.20%
Total Revenues	$1,530,000	$1,378,153	$1,296,610
RevPAR	$29	$26	$24
NOI Net Profit	$632,617	$554,188	$533,762
CAP Rate	14.38	12.6	12.13

Last three years shows the CAP rate in excess of 10%. Even in trailing 12 months ending January 2010

Shows the CAP rate of 12.13% which is a rare find return. This returns shows that property has endurance to survive in bad times and as such has lots of upside.

Detailed financial package available to qualified and serious buyers only.

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Comments

With Times Commercial Realty

Franchise Hotel for Sale in Virginia