Profitable Franchise Hotel

www.GlobalBX.com

Listing ID: 700314275

Listing Title: Profitable Franchise Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=314275

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: Pennsylvania

Area

City: Lehigh County

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $2,041,693

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2014

Number of Employees: 20 - 34

Business Description:
Excellent opportunity to own this profitable highly successful 140 room national franchise hotel minutes from an international airport which serves thousands of yearly travelers. The sale includes a successful restaurant and banquet facility, with liquor license, of which are both lease out to third parties and independent operators. This hotel business which has a 63.8% occupancy rate, with elevators, continues to improve its financial position as a highly profitable company. The property is in Lehigh County, PA conveniently located near various interstate highways with immediate access to the airport and other county roads. The subject property consists of a modern fully upgraded full-service hotel that is operated under a well-known national franchise agreement. The hotel also has a 200-capacity restaurant / lounge, private meeting space, fitness center, banquet room and business center with additional back-of-the-house facilities. All the public space, including the restaurant and lounge, guest registration, lobby, sales and administrative offices are located on the first floor. Guestrooms are located throughout the first and second floor of the guestroom wing of the hotel. This facility was constructed in 1974 and has been upgraded during the past years. The restaurant and banquet businesses are owned and operated by independent operators, has been recently upgraded as a class A food establishment. The business fixed assets has a substantial value, estimated at $3,250,000 based on equipment and licensing replacement cost and the sale consists of a fully equipped hotel, restaurants, which includes real estate, licensing, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business has twenty-five full & part time employees who are unaware of the pending sale and fully expected to remain post closing monthly payroll is approximately $31,700.



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