Motel Property With In Downtown Albany For Sale

Description

Hotel for sale in Albany, Georgia with 75 rentable rooms, a manager's apartment and a separate five-bedroom owner's residence.

Trailing 12-month revenue is approximately $326,372.

The seller reports annual owner earnings of approximately $117,000 while living on-site and handling front desk and management responsibilities.

Operating metrics

• 75 rentable rooms
• Occupancy: approximately 29.1%
• Average daily rate: approximately $50
• Weekly rate: approximately $230
• Guest mix primarily weekly-stay and local customers

The seller states that approximately 15 rooms are currently used for storage and could potentially be returned to guest use, bringing total room capacity to approximately 90. Buyers should verify building code, permitting and operational requirements before relying on this expansion.

Property

• Approximately 37,202 sq. ft. of improvements
• Approximately 1.5 acres
• Manager's apartment
• Five-bedroom owner's residence

The current franchise agreement is ending. The seller states that the hotel may continue as an independent property without franchise royalty payments, subject to completion of any brand exit requirements.

The property is located near Albany State University and a Marine Corps facility. The seller reports traffic of approximately 23,900 vehicles per day.

The seller also reports that a liquor store is expected to open nearby.

The asking price is $2.2 million, or approximately $29,000 per currently rentable room.

Buyers should verify historical financials, franchise termination terms, property condition, room availability and all lodging-related licenses and permits during due diligence.