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.



« Close this window »