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+/-3.8-acre parcel of land for the construction of a new hotel, part of a larger mixed-use development. Outstanding location approximately 90 minutes from Boston. Upscale location, year round demand from both leisure and corporate guestroom demand generators. Offered for sale for $1,025,000 on an all cash to the seller basis. Act quickly, sites with such great locations are in high demand by developers and it is anticipated that this parcel will sell quickly. Inquire now. |
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Newly Renovated Franchised Hotel in Major Commercial Market>> |
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NEW LISTING ±120 – unit, 4-story, interior corridor full service hotel with leased restaurant space. The tenant pays $8,000/mo., contributes to utilities and real estate taxes and has its first option to renew in 2013. Hotel has consistently performed well beneath its competitive set but is also in like-new condition. More than $2.2 million was spent renovating the interior of the hotel in 2008. New ownership with experience should be able to capture the potential in this market. All offers will be considered! Inquire now. |
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NEW LISTING ±45 – unit rustic beauty, 2-story interior corridor lodge with terrific year round appeal. Skiing, Golf, Foliage and destination functions include weddings and tennis schools. This facility caters to all types and has a guest list more than 2 decades long. Major New England destination market with strong demand year after year. Property includes attached owners’ quarters. Take advantage of the history of the property and add your own new twist. This lodge is offered for $2,149,000 on an all cash to seller basis. Inquire now. |
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Newly Constructed, Extended Stay Hotel - Airport Location >> |
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±120-room, 3-story, extended-stay property with an excellent location in a growing airport market. The hotel is less than one year old. There is a significant opportunity to perform above market levels – most of the properties in this market are older prototype buildings or are more than 20 years old. Qualified inquiries only please as the asking price exceeds $120,000 on a per room basis. New hotels are in high demand in New England, so respond immediately as this property is likely to go under agreement quickly! Inquire now. |
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±100 – unit, 3-story, interior corridor, mid-market, limited service hotel with a major franchise and terrific location at a New England Airport. Upside opportunity exists by installing sales & marketing initiatives and employing a sales person. The hotel is in very good condition and priced well below replacement cost at $6,500,000 on an all cash to seller basis. Inquire now |
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Newly Constructed - Highly Sought After Franchise - SOLD FOR ASKING PRICE! >> |
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± 80 room, BRAND NEW, 3-story, mid-market, limited-service franchise recently opened. This is a very strong performing brand. Revenue results have been beyond expectations. More than $2,00,000 in room revenue in the first 14 months of operations! There is likely to be more growth in revenue for another full year and maybe longer. The property has a terrific location, located close to irreplaceable demand generators. There is sufficient land for expansion of the hotel in the future. Buy this new property and capture the growth remaining! Don't miss this opportunity, interest for properties of this size and type is at an all-time high. Available now for $9,200,000. Inquire today! |
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,±100 – unit, high-rise, full service, mid market, franchise hotel located in a historic downtown in Western New England. Significant commercially leased space in the lobby, basement, 2nd floor and adjacent building generating more than $80,000 in annual lease income. The hotel is part of an estate and is being sold by the named trustee. Significant upside opportunity exists with the completion of the Product Improvement plan (PIP) from the franchise brand and new opportunistic management style. There is a terrific mix of demand consisting of corporate, commercial, group, destination and leisure with plenty of nearby year round attractions. There are also 2 universities nearby. The hotel has an indoor pool, full heath club with members that are residents in the community, restaurant and meeting space. Very busy downtown location has made this hotel an icon of sorts in the community. Considering the cost of the PIP, the property is available at a reduced price of $4,500,000 on an all cash to seller basis. |
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± 115 room, limited-service independent, interior corridor hotel with an excellent location in one of the most recognizable New England destination markets. A very well maintained hotel that operates year-round and could easily be converted to a franchise brand such as a Comfort Inn. Wonderful indoor and outdoor pools, a private courtyard surrounded by guestroom patios and decks and mature landscaping provides resort seclusion. More than $2,000,000 in room revenue and plenty of room for growth through fundamental marketing and management changes. Franchising the property would simplify these necessary changes and jump-start the revenue improvement that is available. A must see opportunity in a market that has extremely high barriers to entry for additional new hotel development. Priced seemingly well below the cost of replacement. Inquire now. |
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±50 – unit, franchised, 2-story, interior corridor, small hotel with an elevator and a pool. This long time family owned property has not had hands on ownership or management for several years. The hotel is located on a busy highway with great signage and visibility in southern New England and is nearby a high volume year round destination resort. It’s a great opportunity for a first time buyer or a multiple buyer who is looking for value-add opportunities. A terrific property for the price and is available for $3,100,000 on an all cash to seller basis. |
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