Motel Property w/ 5-Bedroom Owner’s Suite in Downtown Albany, GA! - Business for Sale
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75-Room Motel with Owner's Suite in Downtown Albany, GA
Albany, GA, US
Added 26 days ago
Motel / Hospitality Property
This is a 75-room motel property with a 5-bedroom owner's suite and manager's apartment located in downtown Albany, GA, currently operating under a Wyndham flag with plans to become independent and add a liquor store.
Key Information
Asking
$2.2M
Revenue
$326K
Earnings
$117K
Multiple
18.8x
Key Highlights
- 75 rentable rooms with potential to increase to approximately 90 rooms
- Occupancy rate is 29.1%
- Average Daily Rate (ADR) is $50; Effective ADR (including weekly stays) is $40.97
- RevPAR is $11.93
- Property includes a 5-bedroom, 5.5-bath owner's residence (~3,500 sq ft) and a manager's apartment (1 bed, 1 bath)
- Building size is 37,202 sq ft on 1.5 acres
- Approximately 25% of rented rooms are weekly stays, with many construction crew customers
- Current franchise agreement (Wyndham) will be terminated; buyer can operate independently
- Seller is converting several rooms into a 2,000 sq ft liquor store, expected to open in February
Contact Info
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