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

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Days Inn Hotel for sale in Lebannon Pennsylvania close to Hershey Park and Harrisburg

 
Number of Units: 130 rooms 5 story building hotels for sale motels for sale
 
Price Reduced to: $ 4,900,000

Description of Motel:

Corridors:
Interior
No. of Rooms: 130
No. of Stories: 5

Reasons for Selling: Looking for bigger investments in our portfolio

Hotel amenities and features include:

  • Free wireless high-speed Internet access in the lobby
  • Free local calls
  • Free weekday newspaper
  • Exercise room
  • After a long day, relax in the beautifully landscaped courtyard, featuring a seasonal outdoor pool, gazebo and pond with a waterfall.
  • Families will enjoy the on-site game room.

This Lebanon hotel provides corporate travelers with conveniences like private meetings rooms and banquet facilities that accommodate up to 350 people. Access to copy and fax services is also offered. All guest rooms include coffee makers, irons, ironing boards and hair dryers. Executive rooms also include refrigerators and microwaves.

Year to date as of March end revenues numbers are high for the amount of $ 30,0000 and as such better Net Income is expected this year.

FINANCIALS

Year

2013

2014

2015

2016

Revenues

$902,830

$1,122,378

$1,170,258

1,370,389

ADR

$70.72

$65.78

$71.69

78.70

Occupancy

26.9%

36%

34.4%

38.09%

Rev Par

$19

$23.65

$24.66

28.92

NOI

$296,520

$358,782

$504,296

443,927


Detailed financial package available to qualified and serious buyers only.