Seller's Contact Information
- RE: Prominent Hotel Second Highest In The Franchise
- Contact: Jeff Cunningham
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.
Reason for Selling:
relocation. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
Relevant Links:
Opportunity Update!
Exciting update: Prominent Hotel Second Highest In The Franchise has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!

20 Short Term Property Management Contracts
20 Short Term Property Management Contracts