Travelodge Hotel For Sale
www.GlobalBX.com
Listing ID:
700213298
Listing Title:
Travelodge Hotel For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=213298
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Hotels
Country:
United States
State / Province:
Florida
Area
City:
Riviera Beach
Asking Price Range:
$5.0M - $10.0M
Gross Revenues:
$1,700,000
Cash Flow:
$700,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1960
Number of Employees:
10 - 19
Business Description:
ATTN: HOTEL BUYERS
Travelodge Hotel in Riviera Beach, Florida (FOR SALE)
Priced At $5,999,999
SCOTT GINSBERG - AGENT CBI REALTY, INC. DIRECT LINE 561-900-5006
The 2013 P&L VUPON REQUEST
(THE INCREASE OF REVENUE FOR 2013 WAS BECAUSE OF ECONOMY IMPROVING AND TOURISM. THERE IS LOT OF CONSTRUCTION GOING AROUND WEST PALM BEACH. THE OWNER/MANAGER PUT A WEEKLY RENTAL DURING OFF SEASON.) - Owner/ Manager
The CAP Rate is at 11% for 2013. See attachments and comments below. NOTE: The hotel manager is one of the 6 owners, he takes a provable salary of $48,000 per year to manage and to run the Travelodge. He is willing to stay on as Manager for the to be NEW owners.
Hi this is Scott Ginsberg. I am the exclusive listing Agent for the Travelodge Hotel. Let me know when you want to see the hotel. Should you wish to put in a contract in writing to purchase, I will prepare the paperwork and forward it to you for your signature upon your request.
FOR SALE
The Travelodge Hotel in South Florida is FOR SALE at a listing price to sell. The Hotel is in good standing with all ordinances and codes and flagship. The Travelodge Hotel is a smooth running profitable business with a CAP Rate of approx 11%. This Hotel purchase is turn-key. The Roof and rooftop A/C is in great working condition.
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