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With Times Commercial Realty
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Sanjay Gupta
Hotel Motel Specialist
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Hotel for Sale
Northern New Jersey
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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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