|
+/-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. |
|
±100 room limited service interior corridor property with one of the most ICONIC highway locations in all of New England. The visibility, signage and accessibility of this hotel are perhaps second to none in the region. There is significant triple net lease income here with leased restaurant space, leased office space and leased retail space. There is more vacant space available to be leased that has not been marketed until recently. Located on a very busy highway in Southern New England with more than 47,000 average cars per day and on a very busy roadway and traffic corner with more than 20,000 average cars per day driving by, this location is designed to be a great location for many years to come. Renovations of approximately $1,000,000 in the last 4 years after purchase have allowed this property to grow its business volume while in the middle of the economic downturn in 2009. Now operating at what are more normal levels in 2010, this property is a terrific equity investment in location, location, location. Priced at $6,000,000, current mortgage holder will finance a qualified purchaser. Inquire now. |
|
SEASONAL PROPERTY, OCEANFRONT COMMUNITY WITH MANY EXTENDED STAY UNITS RECENTLY RENOVATED |
|
NEW LISTING ±70 rooms limited service seasonal motel in southern Maine with large 3-bedroom owner’s quarters attached to the registration office and ±15 extended stay studio, one bedroom and 2 bedroom units with kitchens. Owned for almost 20 years by an off-site owner operator that lives in another state. Renovations done every off-season to improve the property but operating procedures have not changed significantly in those 2 decades along with the industry. There is a terrific opportunity here to improve revenue and control costs through marketing, new management and operating efficiencies by having an on-site owner. Priced to sell for the upcoming season at $1,700,000. Inquire now. |
|
This national franchise, 5-story, interior corridor hotel is well located along and easily accessed from major routes and highways and is just a short drive in downtown Boston. A near full renovation was completed in 2008 and the property is in excellent condition. It includes 2 roof top cell phone tower leases, 2 elevators, 2 meeting rooms, indoor and outdoor heated pools, business center and exercise room. A new license is available to qualified purchasers and no PIP will be required at the time of purchase. Priced at less than 2.7 times the trailing 12 months room revenue. Don’t miss out on this opportunity priced at $6,800,000, under $50,000 on a per room basis! Inquire now. |
|
MAJOR NORTHERN NEW ENGLAND CITY, ±125 ROOM, LIMITED SERVICE, MIDSCALE HOTEL |
|
This hotel is centrally located near multiple demand generators. This market is a vibrant and active tourist, corporate, airport and group demand generator market. Visible and easily accessed off a major highway, but also minutes from downtown, this hotel has consistently outperformed its competitive set in RevPar in spite of multiple new hotel supply additions to this market in the last decade. A qualified candidate can obtain a new license with this national franchise without having the burden of immediately completing a PIP. This is a highly sought after market to build or own a hotel in. Call immediately! This opportunity is priced at only 3 times the multiple of room revenue and well below replacement cost at $7,400,000. Inquire now. |
|
This hotel represents a wonderful opportunity to buy a high quality facility at a very reasonable price, renovate it, and manage it for future growth and return on investment. A license with this national brand is available for a qualified candidate but the hotel could also be repositioned upmarket to another brand without liquidated damages or penalty from the current brand. This property has excellent highway visibility on one of the most heavily traveled highways in New England. There is a strong corporate, group and transient base of business here to expand upon after a renovation. RevPar improvements would seem to be achievable. Be sure to inquire immediately, this asset is bound to be very attractive in the market priced at less than 2.5 times the multiple of room revenue or $4,500,000, less than $35,000 on a per room basis! Inquire now. |
|
±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. |
|
|