$4,800,000 2.5-3 Star Hotel 132 Rooms, $36,363 Per Room
1990 Concrete Block Construction, 130-Room Inn & Suites, T12-October 2017 Room Revenue of $1,557,879, NOI of $512,621.
The hotel was built in 1990 and is concrete block construction – the building is three stories, exterior corridor, and situated on a 2.75 acre parcel being offered unencumbered by debt and management with tenure of fee simple.
Several recent renovations have been completed including, carpeting, bathroom tiles, tubs resurfaced, new bedding/linen, replacement of in-room lighting, new exterior LED lighting, new property signage (to be completed prior to closing), new mattresses in all rooms, soffit replacement, flat screen TVs in all rooms, new washer in laundry room and a new 32-camera security system.
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