Asking Price:Unpriced Property Type Hospitality
Square Footage 825 NOI $949,959 Keys 125 Year Built 1998 Year Renovated 2011 Ownership Fee Simple
The fee simple interest in the 125-room Hampton Inn Shelton (the “Hotel” or “Property”). The Hotel is located in Shelton, Connecticut, in close proximity to corporate and leisure lodging demand drivers and countless restaurants, coffee shops and large corporations including BIC, Perkin Elmer, General Electric, Hubbell, Sikorsky Aircraft, and Subway’s headquarters amongst others.
The Hampton Inn Shelton offers investors the opportunity to acquire a high-quality, select-service hotel located in close proximity to large financial-services and technology companies, tourist attractions in nearby New Haven, and major higher education institutions such as Yale University, University of New Haven, Fairfield University, Sacred Heart University, St. Vincent College, and University of Bridgeport. The Hotel is just a short drive to several golf courses, entertainment venues, and the Connecticut shoreline which attracts tourism in the summer months.
In the trailing twelve months as of July 2019, the Hotel achieved an occupancy of 81%, and average rate of $116.26, a RevPAR of $94.52, and $949,959 of net operating income at a 21.4% margin. A new owner will benefit from in-place cash flow with upside following a property improvement plan, as well as an attractive basis relative to recent sales and replacement costs. The Hotel is being offered unencumbered by management.
Asking Price: $8,175,000
Property Type Hospitality Cap Rate 8.70% Air Rights (sq ft) 42,147
Keys 75 Year Built 2010 Stories 3 Lot Size (acres) 2.59
Represent the owner in the sale of the Holiday Inn Express & Suites located at 16175 Stevens Pointe Circle in Gretna, Nebraska. The hotel totaling 42,147 square feet was built in 2010 and consists of 75 rooms. This hotel boasts a number of amenities including a business center, heated indoor pool, fitness center, and breakfast bar.
The hotel is conveniently located directly off Highway 370 and I-80. The traffic count for this property sees over 64,000 vehicles per day. Downtown Gretna, one of Omaha’s fastest growing areas, is just 2 minutes away. This prime hotel investment recently updated all of the common areas as part of an ongoing PIP.
Asking Price: $10,500,000
Property Type Hospitality Square Footage 45,000 Price/Sq Ft $233.33
Keys 163 Year Built 1969 Year Renovated 2018 Buildings 3 Stories 2
Zoning Commercial Lot Size (acres) 2.42
This is the Orlando hotel you have been waiting for! Perfectly located in the growing, downtown sector of Orlando, Florida, this Newly Renovated 163 Unit Days Inn is in perfect condition.With a recent capital expenditure in excess of $ 2.2 Million, each room has been meticulously designed and upgraded to meet the luxury-oriented demand of today’s market. Sitting on approximately 2.5 acres, the hotel is beautifully landscaped; grounds are immaculate and guest amenities include a tropical swimming pool area, exercise facilities, open walking-trail areas in addition to free breakfast and custom-concierge services. Courtesy of HotelMax
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