Franchise Hotel for Sale in New Jersey

South Jersey franchise hotel for sale
Price: $ 3,900,000

This is a 44 rooms franchise hotel in a growing South Jersey location.

The property is mid market franchise with good positioning and is a fairly new construction and is less then 4 years old.

The property corridor is close to several casinos where additional few billion dollars investment is contemplated in next few years towards the new casinos.

The asking price of the hotel is $ 3,900,000.

The historical financials of the property are as under:

Year: 2007
Revenues: $ 1,133,396
ADR: $ 89.77
Occupancy: 77%
REVPAR: $ 70.60
Revenues Per Room: $ 25,759
Asking Per Room: $ 88,636

Complete package available on request to qualified prospects