Location: New Jersey, Atlantic City Area Number of Units: 33 Year Constructed: 2009 Corridors: Exterior # ofStories: 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.