Rentable Rooms: 75
Trailing 12-months Revenue (on paper): $326,372
Occupancy Rate: 29.1%
Average Daily Rate (ADR): $50
RevPAR: $11.93
Effective ADR (including Weekly Stays): $40.97
Typical Weekly Rate: $230 per week (excl. taxes)
Live where you work! Property includes Manager's Apartment (1 bed, 1 bath, kitchen, and living room) as well as a large Owner's Residence with 5-Bedrooms, 5.5 Bathrooms and kitchen with living room, roughly 3,500 sq ft!
Total Rooms: approximately 90 by reclaiming storage / owner / manager suites
Roughly 1/4th of the rooms being rented out are weekly stays, with a lot of construction crews. There is limited online reservation as 70% of the customers are local. Therefore, there is no value in being with a franchise and paying royalties!
The Property currently has a Wyndham flag. However, the franchise agreement will be terminated. Buyer can decide to rebrand or run it as an independent property and avoid royalties!
Asking only $29k per key!
Seller's Take Home is $117,000 per year! Seller lives onsite and manages the front desk so he does not have to pay a front desk employee.
Seller is obtaining a Liquor License and converting a few rooms into a 2,000 sq ft liquor store to meet the local demand! Expected Open Date is in February!