Price Reduced to $9,000,000
High End Hotel for Sale
in Central New Jersey

This is 110 rooms interior limited service high end flag in Central Jersey in a town having a population of over 100,000.

The location is right off the major artery of the State.

The property has historically done the revenues in the range of $2,000,000 to $2,100,000 and stays in that range due to high demand generators in the area as well due to strong reservation the brand brings with it besides the upside if it is marketed right with the experienced sales people.

The ADR and Occupancy of the property is approximately 83 and 62% respectively with the Revpar of $ 52.

The NOI of the property is little over 9,000,000 and based on the asking price property provides the CAP of 9.57%.

Heavy renovations done recently in compliance with the franchise requirements.

Asking price of $ 9,000,000.