Property Listing No Longer Available for Sale

UNDISCLOSED, PRIVATE, CA

Hotel for Sale


Property Info

CIMLS#710653
Location
  UNDISCLOSED
  PRIVATE CA
UpdatedJuly 11th, 2014
TypeHotel
PriceUpon Request

Property Description

CALL (970) 481-0033

"THIS HOTEL HAS BEEN SOLD, THANKS!

STAY TUNED FOR OTHER HOTELS AND APARTMENT'S ON THE RISE".

CA. MARRIOTT HOTEL -- 8.2% CAP based off of Net Income

MONEY MAKER

DO NOT BLAST THIS OUT!!!

The 130+ -room Marriott,

ARIAL VIEW: http:XXXXXXXXXXX

8.0% CAP - 130 + KEY HOTEL - The 130+ -room Marriott.

THIS IS HOTEL WHICH UNDERWENT AN EXTENSIVE RENOVATION IN 2009, THE OWNER INVESTED MORE THEN $ 2,700,000.00.

AMENITIES:

POOL, SPS,

COURTYARD

FITNESS CNETER

MEETING SPACE

THE ROOMS FEATURE FREE WIRELESS INTERNET ACCESS

FLAT SCREEN TELEVISION

UP GRADE BEDDING

90% OF THE ROOMS ARE SUITES

2013 Financials:

- ADR: $95.07

- REVPAR: $70.53

- Occupancy: 73.59%

- Room revenue: $3,610,962

- NOI: $1,908,580

- Net Income: $1,654,740 (After Management Fee and Reserves)

- 8.2% CAP based off of Net Income

TO MOVE FORWARD: MUST HAVE OUR NCND/NDA SIGNED. FOLLOW PROTOCOL TO ENGAGE THE SELLER.

BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT

BUYER'S COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY.

BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT.

BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.

BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.

INVESTORS CALL 970-481-0033


Financials