Hotels for Sale

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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

 •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 

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%

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.

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

 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

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

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. 

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

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

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

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. 

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

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...

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