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Hotel For Sale
Location: United States -> New Jersey
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Hotel For Sale in New Jersey. Greatest Re positioning opportunity.
Price- $11M

Rooms-200 Approx.
Land – 5 acres
Floors- 6 interior corridor + basement
1st floor ground lobby, access to outdoor pool, meeting room, continental breakfast area.
2nd floor- meeting room, fitness room
Opened – approx 1987. Built area- 120,000 sq.ft
Current revenue- $1.7 M. Historical approx. $3.7M (Repositioning opportunity). Potential of $6.5M to $7.5M in annual revenue. (Projections on request)
Accessibility- Front hotel lobby, or rear entrance
200 surface parking spaces.
Room Size- approx 300 sq.ft
Passenger Elevator 2


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $17,000,000
Cash Flow:   $2,000,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1987
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Absentee ownership




Print Listing Id: 700263393
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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