Detail

update dateMay 9, 2022 publish DateMay 9, 2022 Total views 341
  • Type: Hotel/Motel
  • Flag:000
  • Service Type:Full Service
  • Rooms:70
  • Corridor:Interior
  • Business center:Yes
  • Meeting rooms:00
  • Pool:None
  • Status: Active
  • Listing ID:7247
  • Financing: Bank Financing
  • Bulding status: Existing
  • Floors: NA
    • Description

      Property Highlights:

      2020 Revenue: $344,360
      2020 Net Profit: $187,590
      2020 Cap Rate at 10.5%!

      Current Rentable Rooms: 70
      Current Occupancy Rate: 40%
      Current ADR: $40

      Current numbers are higher than 2020 numbers!
      Property includes a 3-bedroom apartment!

      Approved for either conversion to Travelodge or OYO if you wish to go the franchise route.

      Brand new hardwood floors in 30 rooms! Electrical & Plumbing Completely Renovated! 2 new roofs and AC units were installed in 2020!

      Restaurants within walking distance for hotel customers! 2 miles from Vidalia Regional Airport! Perfect location for visitors of the annual Vidalia Onion Festival! 4 mins from Vidalia Onion Museum, Art & History Museum and Theatre. 4 miles from Two Golf Clubs. Walking Distance to a Medical Center and the City Park.

      Asking Price with Property is $1.79M! Seller is willing to Lease Purchase with 20% down payment for a qualified Buyer!

      If interested, please give us a call anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

      Highlights

      .Property Highlights: 2020 Revenue: $344,360 2020 Net Profit: $187,590 2020 Cap Rate at 10.5%!
      .Property Highlights: 2020 Revenue: $344,360 2020 Net Profit: $187,590 2020 Cap Rate at 10.5%!

      Financial Details

        AnnualPer SF
        Gross rental income: $344,360 $Infinity
        Other Income:
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