Description

This 42-room hotel offers a compelling investment opportunity with strong fundamentals and room for growth. As of 2024, the property reports a 30.91% occupancy rate with an average daily rate (ADR) of $76.52 and a revenue per available room (RevPAR) of $27.12, according to the STR Report. The hotel generated $335,948 in revenue for 2024, with projected revenue for 2025 reaching $430,000. It has a three-year average NOI of $158,000 and is offered at a cap rate of 8.23%, with a gross revenue multiplier (GRM) of 3.19x. The price per room is $30,952.38, and the building is valued at $150.32 per square foot. Additional features include a paved parking lot with 42 spaces, an on-site manager’s apartment, and 80% completion of the Wyndham Property Improvement Plan (PIP). With its competitive pricing, brand affiliation, and value-add potential, this hotel is well-suited for investors or owner-operators looking to expand their portfolio.