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Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017. Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00. Property taxes amounting to only 40k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip. Double digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag. Bank Appraisal Completed January 5th 2022. EBITDA of $1,574,632.00. EBITDA Calculated assuming Complete Management/No Direct Ownership Involvement allowing for $542,000 of Total Wage Expense. Price Equal to the Land Value plus 2.75X EBITDA. PPP Loans Removed from EBITDA Calculation. CAP Rate 10.25%. Contact for more details. No Owner Financing available a this time. Proof of Funds and and Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this great opportunity!
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