100+ Room Franchise Hotel $2.6MM total revenue

Kankakee County, IL

100+ Room Franchise Hotel  $2.6MM total revenue
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Asking Price: $7,500,000

Cash Flow: N/A

Gross Revenue: $2,677,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

100+ Room Franchise Hotel $2.6MM total revenue

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Business Description

• Property Description : Full Service Hotel w/ Banquet
• Number Of Rooms : 110 (85 active but 25 rooms need updating)
• Year Built : 2001
• Facilities : Breakfast Lounge, Fitness, Business Center, Pool, On Site Bar & Grill, 10000 sqft of Banquet Facilities etc.
• Cap Rate : 9.22%
• Occupancy : 50.1% Trailing 12 December 2017
• Price Per Key : $68,181
• ADR: $68
• GRM : 2.8
• 2018 Room Revenue: $911,000
• 2018 Food & Beverage Revenue $1,600,000
• 2018 Total Revenue (inc. gaming) $2,677,000

Detailed Information

Location:
Kankakee County, IL
Real Estate:
Owned
Building SF:
N/A
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Contact the Seller

(from currently available funds)
 
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Dan Sperry - Chicago

Business Listed By:
Dan Sperry - Chicago

The Business Exchange

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Sponsoring Broker:
Dan Sperry - The Business Exchange

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