Motel Property with in Downtown Albany, GA - Business for Sale
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75-Room Motel Property with Owner's Residence in Albany, GA
Albany, GA, US
Added 7 months ago
Motel / Hospitality
This listing is for a 75-room motel property with an on-site owner's residence and manager's apartment located in downtown Albany, GA, currently operating under a Wyndham flag but to be sold independent of franchise affiliation.
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 by reclaiming storage/owner/manager suites
- Occupancy rate: 29.1%
- Average daily rate (ADR): $50; Effective ADR (including weekly stays): $40.97
- RevPAR: $11.93
- Typical weekly rate: $230 per week (excluding taxes)
- Property includes a 1-bedroom manager's apartment and a 5-bedroom, 5.5-bath owner's residence (approx. 3,500 sq ft)
- Building size: 37,202 sq ft on 1.5 acres
- Approximately 25% of rented rooms are weekly stays, with many construction crew customers
- 70% of customers are local; limited online reservations
- Seller is obtaining a liquor license and converting rooms into a 2,000 sq ft liquor store (expected open date: February)
- Current franchise agreement (Wyndham) will be terminated; buyer may rebrand or operate independently
Contact Info
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