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Asking Price
$4,500,000

Annual Cash Flow $472,926

Annual Revenue $1,647,000


EBITDTA:

FF&E:

Ref ID:

Established: 1984

Business Description

Famous worldwide brand hotel chain in the great southern town of Mobile, Alabama. This 113 room hotel has just finished its $500,000 renovation project. Excellent location near I 10. Walking distance to fast food restaurants, close to Hank Aaron Stadium and Brookley Aeroplex (industrial complex and airport). In addition to being close to Greyhound Park and other areas of interest.

This 53,400 sq. ft. 3 floor facility with elevator sits on a 2 acre parcel and has considerable number of amenities, many just upgraded as part of the large renovation project such as: outdoor pool, continental breakfast in upgraded area, free Wi Fi, room upgrades including all new flat screen TV’s, new roof, new AO Smith boiler and much, much more…. 3rd party management is also available if needed for very reasonable fee. IMPORTANT NOTE: Revenue for 2021 is remarkable after Covid scare. 2022 is even looking better still. Even pets are allowed (for extra fee). For additional information CONTACT: Rob Sproles 850 341 3863 email: robsproles@msn.com

Detailed Information

State:AL

Listing Agent:Rob Sproles

Real Estate:

Building SF: 53400

Employees: 10

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

City:Mobile

Phone:850-341-3863

Facilities: 3 floors on 2 acres

Support & Training: seller/buyer will negotiate a transition period

Reason for Selling: changing business ventures