Well maintained hotel with leased restaurant
DESCRIPTION 45 room, swimming pool with leased restaurant
SITE AREA: 0.88 Acres
AGE: 1973 (Current owner started from 2005)
REVENUE(Year End May31) 2019:$1,235,292 , 2018: $1,004,069
NOI 2019 : $410,881
LEASE DETAIL 5 years started from 2017, $3,000/M + Utility, 5% of
Property Tax , $100 /m for Garbage
-PRICE IS BASED ON SHARE PURCHASE.
-IT CONVERTED AS INDIVIDUAL HOTELFROM April 2020 TOSAVE THE COST.
-CAN BE CONVERTED AS FRANCHISE (RAMADA,SUPER 8 ) AT ANYTIME IF THE OWNER WISH.