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Location: New Jersey, Atlantic City Area
Number of Units: 44
Year Constructed: 2005
Corridors:  Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: $ 5,000
AAA Rated ? : Yes, 2 Diamonds

Asking Price: $ 4,900,000
Gross Rooms Revenue: $ 1,136,126
Gross F&B Revenue: N/A
Gross Other Revenue: N/A
Annual Property Taxes: $ 50,739
Annual Insurance Costs: $ 18,493
Seller/Private Financing Available ?: No

Other Property Included: N/A

Other Information: This clean, still-nearly-new property opened in July 2005, and has been the best rated, highest revenue property in the market ever since.   In 2007, this property handily out-performed all of the other hotel/motel properties in the market (on a revenue-per-room basis).   The property shows even greater upside potential for an operator who can concentrate on sales.  Also within is a 1BR owners apartment, great for an on-site manager or owner-operator.  The current owner of this property has owned and operated many, but this one is the top performer.   The owner is selling to focus efforts on new development projects.

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