16 Distressed Hotels For Sale In The US - Business for Sale
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Portfolio of 16 Distressed Hotels Across the US
Elmont, NY, US
Added 5 years ago
Wholesale & Distribution - Hotel Properties
A portfolio of 16 distressed hotels, including branded and luxury properties in major US cities such as New York City, Las Vegas, and California, is offered for sale with details on key assets and locations provided.
Key Information
Asking
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Revenue
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Earnings
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Multiple
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Key Highlights
- 16 distressed hotels for sale in the US, including properties in NYC, Las Vegas, California, and a 9 hotel/motel portfolio in CA & NE
- Four Points Sheraton, NYC: 150+ keys, old purchase price $134M, current price $59.5M + 3%, NOI (2018, excl. Dec): $6,165,473, NOI (2017): $5,655,310, NOI (2016): $5,925,833, NOI (2015): $6,425,626, features leased restaurant, fitness center, business center, bar & lounge, cap rate 5% (pre-COVID)
- Hotel & Casino, Las Vegas: 30+ acres, 1,300+ guest rooms and suites, old purchase price $560M, current price $374M + 3%, 40,000+ sq. ft. casino, 900,000+ sq. ft. meeting/convention space, 1,000+ seat theater, 2,000+ parking spaces, buyer must qualify with Nevada liquor & gambling license board
- Holiday Inn, CA: 141 keys, old purchase price $45M, current price $32.8M (firm) + 3%, cap rate 9%, building size 96,000 sq. ft., price per room $232,624, average daily rate $180, building class B, 160+ parking spaces, full service with restaurant, banquet, conference, fitness, pool, laundry
- 9 hotel/motel portfolio, CA & NE: old purchase price $224M, current price $192M + 3%, owned by a single company, all properties offered together
- Buyer required to sign NDA, provide proof of funds, and bio to receive more information and seller contact
Contact Info
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