Prominent Hotel Second Highest In The Franchise

Business Overview:

Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017. Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00. Property taxes amounting to only 40k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip. Double digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag. Bank Appraisal Completed January 5th 2022. EBITDA of $1,574,632.00. EBITDA Calculated assuming Complete Management/No Direct Ownership Involvement allowing for $542,000 of Total Wage Expense. Price Equal to the Land Value plus 2.75X EBITDA. PPP Loans Removed from EBITDA Calculation. CAP Rate 10.25%. Contact for more details. No Owner Financing available a this time. Proof of Funds and and Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.

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Reason for Selling:

relocation

Additional Details:

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