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Pennsylvania Business For Sale |
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| 3610 - HOTEL & RESORT |
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| Attn: Not Available |
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| Northeastern PA, PA, USA |
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| Asking Price: |
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$21,000,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Hotel, Motel, Lodging |
| Reason for Selling: |
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Other business interests |
| Year Established: |
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1969 |
| Yearly Revenues: |
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$11,678,000 |
| Yearly Cash Flow: |
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$1,764,000 |
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Business for Sale Overview:
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Northeastern PA. The resort is a first class, full service Hotel. It is a landmark in the county, since it has hosted celebrities such as President Bush and the First Lady, and is the choice of national acts such as Aerosmith, Rob Thomas, Bob Dylan, Nickelback and Dave Mathews. It is conveniently located with access to three major thoroughfares. The site consists of over 17 acres of land. The resort has a total of 170 rooms with a guest room mix of 94 King bedded guest rooms, 65 double bedded guest rooms, and 11 Suites. The hotel features six food and beverage outlets, one fine dining restaurant, 2 casual restaurants, 2 bars and one nightclub. There is 12,000 square feet of meeting space including multiple banquet halls. The other amenities include an indoor pool, outdoor swimming pool, a large whirlpool, two outdoor lighted tennis courts, a basketball court, walking trails, a fitness center, a salon and spa and a business center. With a cap rate close to 9%, this is a very desirable property for an experienced operator. Occupancy rate is approximately 70%. A.D.R is $95 to $100.
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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