Hotel for sale/Hot Sale
Jenny Jung, Genesis Realty 206-949-1776 jennyjungrealty@gmail.com
ASKING PRICE ----------------------------------------------------------- $9,150,000.00
YEARLY SALES ----------------------------------------------------------- $1,975,000.00
FRANCHISE ------------------------------------------------------------ YES
NOI ------------------------------------------------------------ $835,000.00
CAP RATE ------------------------------------------------------------ 9.3 %
NUMBER OF UNIT ------------------------------------------------------------ 90
ADR ------------------------------------------------------------ $90.00
YEAR REMODELED ------------------------------------------------------------ 2015
LOT SIZE ------------------------------------------------------------ 2.91 ACRES
BLD. SIZE ------------------------------------------------------------ 55,200 SF
Interior corridor, high exposure, right off I-5 Exit, at the major intersection, close to a major shopping center. Total lot is about 3 acres which have room for expansion or build a brand 80-unit hotel on approx. on the 1-acre lot or can be able to sell as a separate parcel Approx. at 1 mil price. All PIP is current, great potential! with the right management!! SBA financing is ready with 20 % down payment.