Under contract, Highly Profitable Hotel Seeks Acquirer

Dearborn, MI (Wayne County)

Under contract, Highly Profitable Hotel Seeks Acquirer
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Asking Price: $28,000,000

Cash Flow: $1,090,123

Gross Revenue: $26,130,408

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1976

*not included in asking price.

Under contract, Highly Profitable Hotel Seeks Acquirer

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Business Description

Located in the Midwest United States, this 772 room former Hyatt Regency is located next to a convention center that can be managed by the hotel manager.
Here are some details:

18 Stories
5 Interior Glass Elevators updated in 2000
3 Service Elevators
23.15 Acres
Structural Steel Frame Concrete and Concrete Block
Exterior Walls are Concrete Masonry and Curtain Glass Wall Cladding
Interior Walls are Painted and wallpapered Gypsum Board or Concrete
14 Roof Surfaces
Concrete Decking with Roof Surfaces made of Asphalt, Modified Bitumen, Ballasted and Adhered EPDM
Gross Building Area is 810,000 sf.
Meeting Space is 62,000 sf.
Parking Space has 1,000 spaces
Telephone provider is AT&T
Internet Service is T-Mobile (wireless)
GuestTek (hard-wired)
Zoned BC General Business

Detailed Information

Employees:
650
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Nick Modares

Business Listed By:
Nick Modares

Business Brokers Inc./Atlant Business Ad

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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