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With Times Commercial Realty


Sanjay Gupta
Hotel Motel Specialist


Hotel for Sale
Northern New Jersey

Units: 160
Asking Price: $12,500,000 as is.

Amenities:

  • 7 story interior corridors hotel in North Jersey close to International Airport.
  • Tremendous capital improvements for induction in to new reputed franchise
  • Potential to lease the restaurant with good annual net rent.
  • Projected annual revenues after conversion in to franchise would be around $2,500,000 plus the restaurant rent.
  • Projected Net Operating Income is around $1,300,000 which would make the property value go up drastically.

 

 
 
 
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