Upscale Boutique - SD

Property Description: Revenue is stable at $6,000,000 at this 4 Star Boutique Hotel. NOI is $2 million for the same period, before FF&E reserve and management fee. Marriott is interested in this property as a Delta by Marriott brand. Or keep independent and penetrate the market with marketing and sales. Property includes over 170 Keys, high rise tower, restaurant, bar, and conference space. More than $4.5 Million in recent renovations! Offered 10.3% Cap Rate.