SOLD
Home2 Suites by Hilton
For Sale
For $13,700,000
Description
3 Years Old. This Home2 Suites by Hilton has maintained strong revenues and net operating income through 2020. 88% Occupancy for the Month of July and 76% Occupancy in TTM July 2020. Revenues Near $2,500,000 TTM July and Net Operating Income, after Management Fee about $1,178,000. Upside to do over $3,000,000 revenues as demand increases from industrial and government. Located in one of the fastest growing areas in the United States. The MSA population is over 1,300,000 people. The market is a major international trade hub and port of entry. Diversified industry, economy, and demand generators. New major new economic developments coming!
Type of Service: Limited-Service
Source of Business: Commercial, Leisure, Corporate, Transient, Group, Government
Hotel Amenities: Non-Smoking Hotel, High Speed Internet, Free Parking.
Room Amenities: Kitchen (Refrigerator, Microwave, Dishwasher), Iron & Iron Board, Queen Sofa Bed.
| Average Occupancy | 85.00% |
| Average Daily Rate | $98.00 |
| Room Revenue | $2,774,000 |
| Total Revenue | $2,831,000 |
| Net Operating Income | $1,506,000 |
| RevPAR | $83.00 |
Property on Map
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30 Years Fixed, 3.5% Interest
- Principle and Interest
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