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Extended Stay Hotel-Major Flag For Sale

Details: Asking price:$6,000,000; Sales revenue:$2,400,000; Net profit:$1,013,000; Fixtures value:$1,500,000; Inventory value:Undisclosed

Business description: Major flag extended stay hotel-newly constructed! There are very few major flag markets available in the Southwest but this Seller has several! This is a fantastic opportunity to own a 100+ room beautiful hotel with occupancy rates expected at over 80%. The current owner/developer has strategically chosen this location after months of research to identify underdeveloped overnight stay markets in New Mexico. Projected sales revenue exceeds $2.4MM with Net operating Income in excess of $1MM. This is a tremendous investment opportunity for a hands-on owner operator to expand their portfolio into the booming New Mexico market. The Seller is also looking for passive equity investors/partners for other hotel sites in New Mexico, Texas, and Kansas. The current owner/developer has potential financing in the pipeline for qualified interested parties. At stabilization, this hotel will be valued in excess of $7.4MM!

General information: Franchise opportunity; Years established:2008; Employees: 11; Real Estate: Real Property Included; Location:102 rooms ranging from 250-350 sf, fully furnished extended stay suites sitting on approximately 2 acres of prime land.; Expansion potential:Great opportunity to expand portfolio into the booming New Mexico market.; Competition / Market:Existing hotels in the area have over 75% occupancy rates and high ADR's. There are no other economic priced extended stay products in this market.; Support & training:Training to be provided by the franchisor.; Financing available?Some financing available for qualified buyers