Hotels for Sale
Condor Hotel 35 KEYS | $335,714/KEY | BROOKLYN, NY
Asking Price:$11,750,000
Property Type Hospitality
Square Footage 11,232 Price/Sq Ft $1,046.12
Keys 35 Stories 5 Price/Key $335,714.29
Permitted Zoning M1-2 Lot Size (sq ft) 5,667
INVESTMENT HIGHLIGHTS
•Diverse economy driven by healthcare, education, government and manufacturing•Strong I-44 location drives walk-in transient demand•Quality hotel structure, well-maintained asset and largest guestrooms in the market•Deep renovation and rebranding opportunity could help drive demand•Opportunity to capture pent-up group demand and replace airline crew business with the addition of new meeting space•RevPAR momentum; December was up 30% and Q4 2017 was up 14.2%•Positive outlook from the CVB in 2018 and beyond
(Dallas) Quality Inn DFW Airport Irving, TX | Rule #1 LOCATION: 8205 Esters Blvd | Irving, Texas 75063
Number of Rooms 150
Price $9,250,000
Revenue 2018 Proj. $2,792,250
Net Income 2018 Proj. $1,200,668
CAP after PIP 2018 Proj. 10.52%
ADR 2018 Proj. $60.00
Occ. 2018 Proj. 85%
The Resort on Mount Charleston 62 KEYS | $72,581/KEY | LAS VEGAS, NV
Asking Price:$4,500,000
Property Type Hospitality Ownership: Fee Simple
Square Footage 45,396 Price/Sq Ft $99.13
Year Built 1985 Year Renovated 2005
Stories 3 Keys 62 Price/Key $72,580.65
Lot Size (acres) 5.76 Parking (spaces) 155
Days Inn $6,848,654 | 51,732 SF | Mystic, CT
Property Type-Hospitality
Lease Type: Absolute NNN
Lease Expiration: 12/31/2037 Remaining Term 19.9 years
Square Footage 51,732 Price/Sq Ft $132.39
Cap Rate 7.75% NOI $530,771 Keys 120 Lot Size (acres) 4.92
Faribault Hotel Development Best Offer | 45,900 SF | Faribault, MN
Property Type
Hospitality, Development Site, Land
Investment Type Value Add Lot Size (acres)4.1
Square Footage 45,900 Keys 70 Year Built To be built
Holiday Inn Express & Suites - Dayton MSA / Brookville, OH
Investment Highlights
- The three-story, interior corridor Hotel features 70 rooms, fitness center, business center, indoor heated pool, complimentary breakfast, and high speed Internet.
- Recently Renovated - The Holiday Inn Express & Suites was recently fully renovated in accordance to Formula Blue standards. According to the Seller, the renovation started in March 2016 and concluded in October 2017, there were over $1.3M spent in improvements. The Hotel is still ramping up after the renovation.
- Superb Location - Conveniently located off I-70, the Property is less than a mile from Brookville and is only a 25 minute drive to Downtown Dayton, OH. The Hotel is only 16 miles away from Dayton International Airport and is 90 minutes or less away from major cities like Columbus, OH, Cincinnati, OH, and Indianapolis, IN. Additionally, the Hotel benefits from excellent signage at street-level on Upper Lewisburg Salem Road.
- Strong performance and still ramping up – For December 2016 T-12, the Hotel had an Occupancy, ADR, and RevPAR of 58.3%, $101.89 and $59.38 respectively. Revenue and Gross Operating Profit totaled approximately $1.5M and $534K respectively. As of September 2017 year-to-date the Hotel had an OCC, ADR, and RevPAR of 55.6%, $107.22, and $59.64 respectively. Given the Hotel just completed a Formula Blue renovation in October 2017, the Hotel is still ramping up.
- The Property is within close proximity to the Miami Valley Hospital, National Museum of the United States Air Force, Boonshoft Museum of Discovery, Dayton University, Wright State University, in addition to many more leisure and business demand generators.
- Hotel Website : https://www.ihg.com/holidayinnexpress/hotels/us/en/brookville/boloh/hoteldetail.
- Financing Available – Please contact NKF advisors for more details.
Holiday Inn 82 KEYS | $75,610/KEY | WARRENSBURG, MO
Asking Price: $6,200,000
Property Type Hospitality
Square Footage 52,688 Price/Sq Ft $117.67
Keys82 Year Built 1997 Permitted Zoning Commercial
Lot Size (acres) 3 Parking (spaces) 80 Price/Key $75,609.76
Holiday Inn Express 59 KEYS | $106,780/KEY | MARYVILLE, MO
Asking Price:$6,300,000
Property Type Hospitality
Square Footage 38,832 Price/Sq Ft $162.24
Keys 59 Stories 3 Year Built 2005 Permitted Zoning Commercial
Lot Size (acres) 2 Parking (spaces) 70 Price/Key $106,779.66
- PRICE REDUCTION - Motel 6 Miles City, Montana
87 Units
- Asking just 2.3x Revenue
- 2016 Room Revenue: $663,335
- 2016 Net Operating Income: $247,464
- Asking Price: $1,500,000
2 STAR TRAVELODGE PASADENA HOTEL FOR SALE GREAT INVESTMENT OPPORTUNITY! LAND INCLUDE!!
Asking Price: $13,500,000
Property Type Hospitality
Investment Type Owner/User
Sqft.47,688 Price/Sq Ft $283.09 Year Built 1949 Buildings 3 Stories 2 Lot Size (sq ft) 47,061
Inn At Rio Rancho Hotel & Conference Center 6.50% CAP | 118 KEYS | RIO RANCHO, NM
Asking Price: $1,900,000
Property Type Hospitality Ownership Fee Simple
Investment Type Redevelopment
Square Footage 55,718 Price/Sq Ft $34.10
Cap Rate 6.50% NOI$123,506
Year Built1971 Year Renovated2007
Buildings 5 Stories 2 Keys 118
Permitted Zoning C-2 Lot Size (acres) 5.14
Ramada Salt Lake 8.61% CAP | SALT LAKE CITY, UT
Asking Price: $12,000,000
Property Type Hospitality
Square Footage 99,101 Price/Sq Ft $121.09
Cap Rate 8.61% NOI$1,033,162
Beds 184 Stories 2 Year Built1984/1991
Permitted Zoning M-1 Lot Size (acres) 5
APN07-36-303-010-0000
Days Inn 7.75% CAP | 120 KEYS MYSTIC, CT
Asking Price: $6,848,654
Property Type Hospitality
Lease Type Absolute NNN
Lease Expiration 2/31/2037 Remaining Term 19.8
Square Footage 51,732 Price/Sq Ft $132.39
Cap Rate7.75% NOI $530,771 Keys120
Lot Size (acres)4.92
Quality Inn Long Beach 8.00% CAP 79,698 SF | SIGNAL HILL, CA
Asking Price: $15,900,000
Property Type Other
Investment Type Owner/User
Square Footage 79,698
Net Rentable (sq ft) 87,667 Price/Sq Ft $199.50
Cap Rate 8.00% Occupancy 100% NOI $1,156,000
Year Built 1986 Stories 2
Hospitality For Sale in New Jersey & New York
Regency House Hotel ACTIVE HOTEL W/ 2 BANQUET ROOMS HOLDING A TOTAL OF 700 PEOPLE - MOTIVATED SELLER
Best & Final
Property Type Hospitality
Investment Type Institutional
Sqft 90,742 Cap Rate 7.00% Occupancy 85%
Keys 104 Stories 2Year Renovated 2012
Lot Size (acres) 10 Parking (spaces) 340
East 60th Street, New York, NY 10022 9,000 SF | NEW YORK, NY
Asking Price: $16,900,000
Property Type Retail, Hospitality, Medical Office
Investment Type Owner/User Class A
Square Footage 9,000 Price/Sq Ft $1,877.78
Pro-Forma Cap Rate32.54% Occupancy 100% Occupancy Date 02/28/2018 Pro-Forma NOI $5,500,000Year Built 2004 Buildings 1 Stories 7
Permitted Zoning C5 - Commercial, Retail
Lot Size (sq ft) 2,100 Ownership fee simple
Union Avenue 52 KEYS BROOKLYN, NY
Asking Price: $23,000,000
A brand-new, fully-built hotel located at Union
Avenue in Williamsburg, Brooklyn – less than 100 feet from the combined L & G Train Station.
Property Type Hospitality
Square Footage14,219
Price/Sq Ft$1,617.55
Keys 52 Stories 5
Lake George, NY 12845 · 96 Rooms Hospitality For Sale
Price$7,850,000
- Business Value Included
- Deferred Maintenance
- Property Type Hospitality
- No. Rooms 96 Property Sub-type Hotel.No. Stories 3 Building Class C
- Year Built 2007
- Sale Type -Investment Tenancy Single Cap Rate 9.50% Parking Ratio 2.74/1,000 SF
- Lot Size 3.50 AC
- Zoning Description 07
- Building Size 60,000 SF
Hudson River Hotel in hearts of Midtown NYC
Price $22,500,000 Sale Conditions Bulk / Portfolio Sale Property Type Hospitality No. Rooms56 Property Sub-type Hotel No. Stories15 Building Class B Year Built 1999 Sale Type A package of 2 Hotels for Sale on the same block, totaling
95 Keys for $45,000,000.
W 36th Street - Hudson River Hotel, 15 Floors, 56 Rooms. Cap Rate : 6.2%.
W 36th Street - 36 Hudson Hotel, 10 floors, 39 Rooms. Cap Rate : 7.1%
Spectacular Midtown West location steps from Jacob Javits Convention Center and the new Hudson Yards development.
Long Island City, NY 11101 · 51 Rooms Hospitality For Sale
Price Not Disclosed
Sale Notes
Lic Mixed-use Development Site - Ideal For: Residential / Commercial / Hotel
6,919 Sq. Ft. Plot
Zoning Description M1-2/R5B
14,000 Sq. Ft. - 22,000 Sq. Ft.
Lot Size 0.16 AC
Buildable with Bonus F.A.R.
Approved Plans for Hotel
Chicago-Area Hyatt House Investment Opportunity
Fee simple interest in the 134-room Hyatt House Schaumburg, IL offered at a substantial discount to replacement cost
- Available unencumbered of debt and third-party management with the ability to retain the Hyatt House brand
- Historical expenses are disproportionately high per industry standards, allowing buyer to potentially dramatically increase management efficiency and improve in-place net operating income
- Moderate change of ownership PIP expected with more than $903,000 (~$6.7k/key) of recently completed renovations
- Currently undergoing the $450k H Bar renovation scheduled to be completed in April 2018
- Proximate to the Interstate 90 / 290 interchange which sees upwards of 360,000 vehicles passing the location daily
- Optimal location in the heart of Schaumburg, proximate to the city’s top-ten largest employers
- Proximate to all regional demand generators including Woodfield Mall, Zurich, Motorola Solutions, OptumRx, IBM, and the Golden Corridor
Castle Rock Resort & Waterpark INDOOR WATERPARK PROPERTY FOR SALE IN BRANSON, MO.
Asking Price: $5,500,000
Property TypeHospitality
Investment Type Owner/User
Square Footage140,527 Price/Sq Ft$39.14
NOI $418,463 Keys 200 Price/Key $27,500
Permitted Zoning Commercial Lot Size (acres)4.45 Parking (spaces)219
DialySPA 6.35% CAP | 7,317 SF | HOUSTON, TX
Asking Price: $3,169,000
Property Type Retail Investment Type Net Lease
TenancySingle Lease Term 11 years
Lease 11/28/2017-11/30/2028 Remaining Term 11 years
Square Footage 7,317 Price/Sq Ft $433.10
Cap Rate 6.35% Occupancy100% NOI $201,218
Lot Size (sq ft) 32,252 Parking (spaces) 43
Rent Bumps 2% Annually Lease Options2 @ 5 yrs
Rodeway Inn Carlsbad, New Mexico
Property highlights are as follows:58 Unit, 2 Story Hotel
- Located in a High Demand Market with Few Hospitality Opportunities for Sale.
- Recently Franchised with Rising Revenue and ADR
- Updated Rooms that Exceed PIP Requirements
- Well Priced at 2.7X Revenue and 15% Cap Rate Asking Price: $4,800,000
Copper Creek Inn & Restaurant HISTORIC RESORT & RESTAURANT AT MOUNT RAINIER | 11% CAP YEAR-ROUND REVENUE
Asking Price: $3,495,000 Property Type Hospitality, Special Purpose
Copper Creek Inn, Cabins and Lodge, located 2 miles west of the Nisqually, the (southwest) entrance to Mount Rainier National Park, is a small resort with a variety of cabins and suites and the historic Copper Creek Restaurant. Ten cabins are scattered throughout the pristine, privately owned, 10+ acres that is surrounded by the Nisqually Land Trust and US Forest Service lands. The roaring, rocky Copper Creek intersects the property with plenty of spots to steal away and enjoy the solitude.
Spruce Lodge HISTORIC 17 UNIT LODGE | 12 RV SITES | SOUTH FORK, CO Asking Price: $999,500
Property Type Hospitality
Square Footage 16,000 Price/Sq Ft $62.47
Year Built 1926 Lot Size (acres) 1.17
- Located At The Base Of The San Juan Mountains
- Listed On The National Register Of Historic Places
- 16,000 Sf Historic Main Lodge; 17 Total Units
- Cook's Cabin; Two 2 Bedroom Cabinettes 12 Rv Sites
- Amenities: Spruce Lodge Restaurant, Oxygen Bar, Hot Tub & Sun Deck-Full Offering Package Available Upon Request
Hampton Inn & Suites Borger 64 KEYS | $101,563/KEY | BORGER, TX
Asking Price: $6,500,000
Property Type Hospitality
Investment Type Stabilized
Square Footage 49,367 Price/Sq Ft $131.67
Occupancy 76% Keys 64
Year Built 2011 Year Renovated Ongoing
Buildings 1 Stories 3 Permitted Zoning C
Lot Size (acres) 2.28 Parking (spaces) 84
Price/Key $101,562.50 Ownership Fee Simple
Hampton Inn 73 KEYS | $93,151/KEY KENEDY, TX
Asking Price: $6,800,000
Property Type Hospitality
Investment Type Owner/User
Square Footage 50,320 Price/Sq Ft $135.14
Cap Rate 12.72%Occupancy 80%
NOI $864,832 Keys 73 Year Buil t 2014
Buildings 1 Stories 4
Permitted Zoning Commercial
Lot Size (acres) 1.99 Price/Key $93,150.68
Ownership Fee Simple
Fontana Village Resort 194 KEYS FONTANA DAM, NC
Asking Price: Unpriced
Property Type Hospitality &Resort Keys 194
Ownership Leasehold Interest
Fontana Village Resort is a year-round destination resort located amidst the pristine beauty of the Nantahala National Forest in the mountains of Western North Carolina. It is located within 2-3 hours drive from four major cities: Knoxville, Atlanta, Greenville and Chattanooga. Besides its prime location next to Great Smoky Mountains National Park, the resort is also within 95 miles from Asheville, North Carolina.
Ramada Salt Lake 8.61% CAP | SALT LAKE CITY, UT
Asking Price: $12,000,000 Type Hospitality
Square Footage 99,101 Price/Sq Ft $121.09
Cap Rate 8.61% NOI $1,033,162 Beds 184
Year Built 1984/1991 Stories 2
Permitted Zoning M-1 Lot Size (acres) 5
APN07-36-303-010-0000
Best Western 7.75% CAP | 120 KEYS SAVANNAH, GA
Asking Price: $8,606,451 Property Type Hospitality
Investment Type Sale/Leaseback
Square Footage 69,558 Price/Sq Ft $123.73
Cap Rate 7.75% NOI $667,000 Keys 120
Year Built 1971 Year Renovated 2015
Lot Size (acres)6.4
Pocono Resort CRESCO, PA
Asking Price: $3,800,000
Property Type Hospitality
Keys 31 APN 11638501085046
- Weddings & Banquets indoor/outdoor ceremonies Dining
- Private Cottages
- Alcohol Served & 100% Non-Smoke
Siena Suites 600 KEYS | $83,333/KEY | LAS VEGAS, NV
Asking Price: $50,000,000 Property Type Hospitality
Beds 600 Keys 600 Year Built 2004 Buildings 14 Stories 3 Permitted Zoning General Commercial C-2 Lot Size (acres) 14.8
Parking (spaces) 583 APN 161-34-503-004 Price/Key $83,333.33
4 Ocean City Resort Hotels OCEAN CITY, MD
Asking Price: Unpriced
Property Type Hospitality
4 Major Flag Hotels
High Cap Rate & Income Producing Less than 10 years old
Turn-key Operations with Management in Place
Sold as Portfolio or Individually
Close the deal100,000 SF CATERING FACILITY 792 ROUTE 10 WEST RANDOLPH, NEW JERSEY
Located in the Township of Randolph, New Jersey. The overall land area of the offering is ±19 acres located within the O-L Office Laboratory zone. The improvements on the property include an existing banquet and catering facility commonly known as the Skylands Event and Conference center consisting of approximately 100,000 square feet with an allowable occupancy for 1,975 persons, a 586-car asphalt parking lot, associated driveways and loading areas.
108 Room Red Roof Inn, 900k in RR, I-70 visibility, college town, major hospitals, minimal PIP
Price $2,550,000
Property Type Hotel
Cap Rate 10% Revenue Multiplier 2.5x
Year Built 1984 Lot Size 2.49acre
APN ID 16-311-00-06-001-00-01
Building Size 32,832sq. ft. Floors 2
Units 108 No. of Buildings 2
BEST WESTERN GRAND VICTORIAN SAYRE, PA 18840
TOURS BY APPOINTMENT ONLY
Wednesday, May 2nd through Thursday, May 3rd
Tuesday, May 15th through Wednesday, May 16th
Rooms
100
Year Built
1985
University of Notre Dame Area Staybridge Suites- IN
Fee simple interest in the institutionally owned 90-room Staybridge Suites offered at a discount to replacement cost
- Available unencumbered of debt and management with the ability to retain the Staybridge Suites brand
- Convenient access to all local and regional demand including AM General, the South Bend Museum of Art, Potowatomi Zoo, the University of Notre Dame, Notre Dame Stadium (currently undergoing a $400MM renovation), and the newly opened Four Winds Casino
Super 8 Escanaba, Michigan
90 Unit Hotel in Excellent Condition
Two Story, Interior Corridors
Excellent Location on US-41
Fantastic Opportunity for an Owner-Operator, Two Manager's Quarters with Kitchen
Motivated Seller Asking Price: $2,350,00
Coronado Island Hotel Portfolio 46 KEYS | CORONADO, CA
Asking Price: Unpriced
Property Type Hospitality, Development Site
Square Footage 10,101 Keys 46
Year Built 1945 & 1954 Permitted ZoningR-4 Zoning
Lot Size (sq ft)29,600 Parking (spaces)23
OwnershipFee Simple (Land & Building)
Fairview Inn 100 KEYS $21,000/KEY FLORENCE, SC
Price/Key$21,000 Property Type Hospitality
Square Footage 64,500 Price/Sq Ft $32.56
Cap Rate 22.38% NOI $469,903
Keys 100 Year Built 1974 Stories 2
Lot Size (acres)3.08
Hotels For Sale
Holiday Inn Express Downtown San Antonio
Asking Price: $8,700,000
Property Type Hospitality
Investment Type Stabilized
Square Footage 45,096 Price/Sq Ft $192.92
Occupancy 90% Keys 78
Year Built 2001 Year Renovated 2017
Buildings 1 Stories 4 Lot Size (acres) 1.06
Permitted Zoning C-3NA Ownership Fee Simple
Hotel Isla De Roque 60 YEAR LAND LEASE OCEAN FRONT HOTEL DEVELOPMENT SITE BARCELONETA, PUERTO RICO
Asking Price: $3,900,000
Property Type Retail, Hospitality, Development Site, Land
Square Footage 26,780 Price/Sq Ft $145.63
Keys 80 Stories 5 Parking (spaces) 20
Price/Key $48,750
Pensacola Florida Hotels PENSACOLA, FLORIDA HOTEL PORTFOLIO | 20 YEAR ABSOLUTE NNN SALE LEASEBACK
Asking Price: $15,458,191 Address (3 locations)
Property Type Hospitality
Investment Type Sale/Leaseback
Square Footage 42,733 - 46,689
Cap Rate 7.50% Occupancy 100%
NOI $1,159,365 Keys 247 Stories 2
Year Renovated 2018 Ownership Fee Simple
Long Beach Island's top boutique hotel 10 KEYS BEACH HAVEN, NJ
Asking Price: $2,375,000
Property Type Hospitality
Square Footage 5,500
Price/Sq Ft $431.82 Keys 10 Year Built 1892
Permitted Zoning R·C5,500
SUPER 8- NICE MOTEL WITH A SPORTS BAR | 9.20% CAP | 3491 LATCHA RD, MILLBURY, OH
Asking Price: $2,800,000 Type Hospitality
Hotel & Motel, Economy/Limited Service
Square Footage 57,924 Price/Sq Ft $48.34
Cap Rate 9.20% NOI $257,615 Beds 110
Year Built 1960 Stories 2
Lot Size (sq ft) 696,960 Parking (per 1,000 sq ft) 2
Quality Inn 10.72% CAP | 102 KEYS SPRINGFIELD, MO
Asking Price: $3,500,000
Property Type Hospitality
Square Footage 41,760 Price/Sq Ft $83.81
Cap Rate 10.72% NOI $375,058
Keys 102 Year Built 1978 Year Renovated 2004
Stories 3 Permitted Zoning HC Lot Size (acres) 2.5
Restaurant Pad - 6412 Losee Rd 6.75% CAP | 6,121 SF | NORTH LAS VEGAS, NV
Asking Price: $1,432,000
Property TypeRetail Lease Type NNN Tenancy Multi Square Footage 6,121 Price/Sq Ft $233.95
Cap Rate 6.75% Occupancy 100% NOI $96,670 Year Built 2008 Lot Size (acres)0.77
The Imperial PARK CITY, UT
Asking Price: $6,100,000
Property Type Retail, Hospitality, Special Purpose
Just steps from the dining, entertainment, and nightlife of downtown Park City
A Vacation Home With Hotel Amenities
Perfectly placed for all things Old Town like the Sundance Film Festival and more
Lobby with daytime service, cafe, grocery store, and more...
L'S RESTAURANT & BAR CORBIN CITY, NJ
Asking Price: $1,100,000
Property Type Hospitality Sub Type RESTAURANT
Square Footage 8,000 Price/Sq Ft $137.50
Buildings 1 Permitted Zoning VC
Lot Size (acres) 1.32 Parking (spaces) 80
Ownership FEE SIMPLE
