Value-Add Sheraton Hotel In Jeffersonville For Sale - Business for Sale
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180-Room Sheraton Hotel with Amenities in Jeffersonville, IN
Jeffersonville, IN, US
Added 21 days ago
Hotel and Hospitality
A 180-room full-service Sheraton hotel in Jeffersonville, Indiana, overlooking the Ohio River, featuring meeting space, restaurant, pools, fitness center, and multiple amenities.
Key Information
Asking
$13.0M
Revenue
$4.2M
Earnings
$1.2M
Multiple
11.2x
Key Highlights
- 180-key full-service Sheraton hotel located in Jeffersonville, IN
- Trailing twelve-month NOI is approximately $1,160,000
- Current occupancy rate is 38.1% with ADR of $169 and RevPAR of $65
- Property was built in 1989 and renovated in 2019
- Includes 6,000 sq ft of meeting space, restaurant and bar, indoor/outdoor pools, fitness centre, business centre, concierge, valet parking, room service, and free on-site parking
- Annual rental income from three ground-floor tenants is approximately $420,000
- Brand-required Property Improvement Plan (PIP) estimated at $5,000,000
Contact Info
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