PROPERTY FOR SALE: NEW JERSEY





Location: New Jersey, Atlantic City Area
Number of Units: 33
Year Constructed: 2009
Corridors:  Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: $1,000
AAA Rated ? : Pending



Asking Price: $ 2,799,000 now $ 2,549,000
Gross Rooms Revenue: $ 525,000 (Projected)
Gross F&B Revenue: N/A
Gross Other Revenue: N/A
Annual Property Taxes: $ 18,705
Annual Insurance Costs: $ 6,700
Seller/Private Financing Available ?: Yes
Other Property Included: N/A



Other Information: This property is solidly-built, and has just opened for business, with everything
brand new, inside and out.   This includes 32" LCD HDTVs in the guestrooms, granite vanities,
curved shower rods, a business center and wireless high-speed internet access.   A large managers
quarters, located within is also included, great for an owner-operator.   This property is being
offered for sale via an outright purchase, with seller financing available (terms negotiable).   The private
financing option enables a buyer to move into the property quickly, with less "financing hassle" property
quickly, and considerably less down-payment than is required for conventional financing.

Seller/Private Financing Notes : Minimum 15% Down Payment, seller will finance balance; monthly payments
calculated per 30 year amortization (approximately $ 14,750 per month).   At the end of private financing term
(maximum 3 years), must refinance via an outside source, with remaining principle due at that time.
All principle paid during initial period shall apply towards principle balance due when refinanced.

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