For Sale, PRICE REDUCED TO:
$2,795,000
Property ID :
None
AGGRESSIVE PRICE REDUCTION AND ALL SELLER FINANCING WITH 20% DOWN!!
This Days Inn is a beautifully renovated 56-key (51 currently rentable), 3-story interior h otel in southwestern PA. Opened in 1992, its prime location is immediately off an exit of a very busy interstate with high traffic volume. Numerous demand drivers are nearby, including the Flight 93 National Memorial. Shopping, restaurants and other points of interest are within a short drive.
The seller converted it from an EconoLodge to Days Inn in September 2021. They completed over $300K of renovations in 2021 and 2022. Seller anticipates a minimal routine Buyer PIP. Revenue continues to increase since rebranding.
The November 2023 STR report shows that it is consistently leading the comp set. 2023 YE total revenue was $852K, being $166K ahead of 2022 same period. The 2023 NOI was $309,611, approximately 36% of revenue. 2024 revenue continues trending up. Sale Price is based on a 3X Room Revenue Multiplier.
There are also 2 large, renovated apartments included for manager and staff. The 5 rooms being utilized for the 2 apartments and storage are easily convertible to rentable rooms.
CLICK HERE FOR CONFIDENTIALITY AGREEMENT AND OFFERING MEMORANDUM:
Confidentiality Agreement and Offering Memorandum
30 Units, Independent Motel. Great Opportunity for Owner Operator. Offered…
$670,000