Hotel for Sale in Fresno California

Fresno, CA (Fresno County)

Hotel for Sale in Fresno California
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Asking Price: $3,600,000

Cash Flow: $550,000

Gross Revenue: $1,200,000

EBITDA: $275,000

FF&E: N/A

Inventory: N/A

Established: 1986

Hotel for Sale in Fresno California

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Business Description

Hotel for Sale in Fresno California

Great opportunity to own branded Hotel exterior Corridor in Fresno, California located on Major freeway 99 exit.
Hotel is two story with nice Size Pool and Gust Laundry. Built in 1986 with Major renovations done in 2014 and then full renovations in 2015. Hotel has 121 rooms with Doubles Beds, Kings Size Rooms and Queen Beds. Each room includes Microwave and mini-refrigerator High-speed wireless internet access. Property is located in 2.25 Arce with Free self-parking for recreational vehicles, buses, and trucks. Yearly Revenue is over $1,2500,000 and sales going up every year by 10%. Financial information available upon request. This property has land leased at $12,000 a month with lease over 50 years.
Fresno, California is one of the bigger cities of California and located in Central Valley and Know for Framing and lot of Produce is moved through Truckers to all over United States.
Property is fully approved for an SBA loan with 20% down payment. All Financials are available. Current seller is running this as an absentee Owner.
Please sign a Confidentiality agreement for more details.

Detailed Information

Location:
Fresno, CA
Facilities:
Hotel
Support & Training:
Full Support and Training by the seller
Reason for Selling:
Seller wants to relocate
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(from currently available funds)
 
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Narinder Singh

Business Listed By:
Narinder Pal Singh

Nationwide Homes & Lending - Broker

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