Business Description
Offmarket opportunity:
Two Adjacent Hotels Chain (218 Keys total, near JFK) Queens, NY.
With an International Hotels franchise;
1) First Hotel building (123-Key)
Average ADR $140
Average occupancy rate 85%
Net Income $2,000,844
2) Second Hotel Building (95-Key)
Average ADR $170
Average occupancy rate% 83
Net Income $1,278,048
Reduced Ask Price: $62 Mil ($280K p/Key).
Sold as a package; Seller will not split up.
