Nationally Branded Hotel

www.GlobalBX.com

Listing ID: 700330877

Listing Title: Nationally Branded Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=330877

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: United States

State / Province: Alaska

Area

City:

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $3,036,638

Cash Flow: $624,429

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2018

Number of Employees: 1 - 3

Business Description:
Seventy five plus room keys, nationally branded hotel strategically located in Anchorage. Priced less than appraisal. Hotel has been periodically upgraded and boasts a bistro/restaurant, meeting rooms, retail salon, business center, fitness center, and on-site guest laundry. Two revenue streams shelter hotel from seasonal tourism. A potential best use for this property may be its conversion to an assisted living facility. NDA required prior to releasing the package. Profitable icon and landmark of Anchorage. Competitive Overview Hotel & accommodation growth in Anchorage, AK has likely outpaced tourism demand. That said, there is very little land in Anchorage available or development without demolishing existing structures. Potential Growth The demand for assisted living facilities to accommodate the elderly in Anchorage is on the rise and as baby boomers continue to age this impact will continue to be felt. Contact agent



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