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Prominent Hotel Second Highest in the Franchise System

Listing Number: 94356-832542

Description

Second Highest Grossing Hotel In The Nation For this Franchise/Flag. Completely remodeled Rooms/Suites in 2017. Premier location right on the strip of the Nation's Largest Tourist Destination. 61,890 sqft. Sale Price Includes 1.91 Acres valued ALONE at $11,016,000.00. Property taxes amounting to only 54k per year. Over 33% of reservations are booked directly through the Franchise marketing website, a service provided by the Franchisor. 142 Rooms/Keys, Outdoor Pool, on Site Laundry and again centered directly on the tourist/vacation strip. Double digit growth annually for the past five years. Growth Rate of 88% from 2020. Growth Rate of 47% from 2021. Two years remaining under the current flag. Bank Appraisal Completed January 5th 2022. EBITDA of $1,676,626.07. EBITDA Calculated assuming Complete Management/Absentee Ownership by doubling total wage expense to total $537,141.98. PPP Loans Removed from EBITDA Calculation. CAP Rate 11.75%. Price is equal to the land value plus 1.95x EBITDA. Contact for more details. No Owner Financing available at this time. Proof of Funds and and an Escrow Deposit (Fully Refundable during the Due Diligence Time Frame) will be required to go Under Contract.

Listing Details

  • Price: $ 14,269,158
  • Down Payment: --
  • Sellers Discretionary Earnings: $ 1,786,626
  • Total Sales: $ 3,412,182
  • Location: Sevier County, Tennessee

  • Inventory: $ 0
  • FF&E: $ 484,000
  • Employees: 14
  • Year Established: 1983
  • Reason for Selling: Relocation
  • Category: Real Property Rltd
Prominent Hotel Second Highest in the Franchise System

Business Listed By:

Jeff Cunningham
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