Motel Property with Adjacent House in Albany, GA - Business for Sale
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Motel with Adjacent House in Albany, GA
Albany, GA, US
Added 2 years ago
Motel and Hospitality Property Management
Motel property with 24 rentable rooms and an adjacent 1,000 sq. ft. house is offered for sale in Albany, GA, with recent renovations and on-site manager accommodations.
Key Information
Asking
$1.2M
Revenue
$250K
Earnings
$167K
Multiple
7.2x
Key Highlights
- Motel has 24 rentable rooms, with potential to expand to 30 rooms.
- Occupancy rate is approximately 70%.
- Daily room rate is $45, weekly rate is $225, and monthly rate is $800.
- Sale includes an adjacent 1,000 sq. ft. house with 1 bedroom, 1 bath, and a basement, which requires complete renovation.
Contact Info
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