CA. MARRIOTT HOTEL -- 8.2% CAP based off of Net Income
MONEY MAKER CASH - COW (A - 23)
DO NOT BLAST THIS OUT!!!
The 130+ -room Marriott,
ARIAL VIEW: http:XXXXXXXXXXX
8.0% CAP - 130 + KEY HOTEL - The 130+ -room Marriott.
THIS IS HOTEL WHICH UNDERWENT AN EXTENSIVE RENOVATION IN 2009, THE OWNER INVESTED MORE THEN $ 2,700,000.00.
AMENITIES:
- POOL, SPS,
- COURTYARD
- FITNESS CNETER
- MEETING SPACE
- THE ROOMS FEATURE FREE WIRELESS INTERNET ACCESS
- FLAT SCREEN TELEVISION
- UP GRADE BEDDING
- 90% OF THE ROOMS ARE SUITES
2013 Financials:
-
ADR: $95.07
-
REVPAR: $70.53
- Occupancy: 73.59%
- Room revenue: $3,610,962
-
NOI: $1,908,580
- Net Income: $1,654,740 (After Management Fee and Reserves)
- 8.2% CAP based off of Net Income
TO MOVE FORWARD: MUST HAVE OUR NCND/NDA SIGNED. FOLLOW PROTOCOL TO ENGAGE THE SELLER.
- BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
- BUYER'S COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY.
- BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT.
- BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.
- BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.
