For Sale

Prominent Hotel Second Highest in the Franchise System

pinTennessee
pinTennessee

$14,269,158


money

$1,786,626

CASH FLOW

money

$3,412,182

GROS REVENUE

money

N/A

EBITDA

money

$484,000

FF&E


Description

Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017.
Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00.
Property taxes amounting to only 54k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip.
Double-digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag.
Bank Appraisal Completed January 5th 2022.
EBITDA of $1,676,626.07. EBITDA Calculated assuming Complete Management/Absentee Ownership by doubling total wage expense to total $537,141.98.
PPP Loans Removed from EBITDA Calculation.
CAP Rate 11.75%.
Price is equal to the land value plus 1.95x EBITDA. Contact for more details.
No Owner Financing available at this time.
Proof of Funds and and an Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.


Address:

Sevier County, TN, USA


State/county:

Tennessee


Zip/Postal Code:


Country:

United States

Details

Updated on September 28, 2022 at 8:00 pm

Listing ID:
27237
Price:
$14,269,158
Business Type:
Hotels
Listing Status:
For Sale
Cash Flow:
1786626
Gross Revenue:
3412182
FF&E:
484000
Year Established:
1983
Number of Employees:
14
Business Is:
Absentee Owner
Support & Training:
4 weeks
Reason for Selling:
Relocation

Additional details

    Inventory:
    Included in asking price
    Furniture, Fixtures, & Equipment (FF&E):
    Included in asking price

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Jeff Cunningham

1 Property Listings

Address:

West Palm Beach, Florida 33411

Phone:

(615) 866-0783

Mail:

jcunningham@tworld.com

Website:

https://www.tworld.com/


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