Key Highlights:
Rentable Rooms: 75
Trailing 12-months Revenue (on paper): $326,372
Occupancy Rate: 29.1%
Average Daily Rate (ADR): $50
RevPAR: $11.93
Effective ADR (including Weekly Stays): $40.97
Typical Weekly Rate: $230 per week (excl. taxes)
Live where you work! Property includes Manager's Apartment (1 bed, 1 bath, kitchen, and living room) as well as a large Owner's Residence with 5-Bedrooms, 5.5 Bathrooms and kitchen with living room, roughly 3,500 sq ft!
Total Rooms: approximately 90 by reclaiming storage / owner / manager suites
Roughly 1/4th of the rooms being rented out are weekly stays, with a lot of construction crews. There is limited online reservation as 70% of the customers are local. Therefore, there is no value in being with a franchise and paying royalties!
The Property currently has a Wyndham flag. However, the franchise agreement will be terminated. Buyer can decide to rebrand or run it as an independent property and avoid royalties!
Asking only $29k per key!
Seller's Take Home is $117,000 per year! Seller lives onsite and manages the front desk so he does not have to pay a front desk employee.
Seller is obtaining a Liquor License and converting a few rooms into a 2,000 sq ft liquor store to meet the local demand! Expected Open Date is in February!
Hotel Information:
Property is 1.5 acres! Building is 37,202 SF!
Prime Albany location with strong visibility and traffic!
Excellent opportunity for both new and experienced operators!
Geographic & Demographic Details:
High traffic location with 23,900 vehicles passing daily!
Restaurants nearby are Harvest Moon, Dunbar's BBQ & Soul Food, Pearly's Famous Country Cooking, Mi Casa Mexican Restaurant, and Tropical Taste Restaurant!
Minimal competition! Located just half a mile from Hilton Garden Inn Albany, a leading downtown hotel that signals confidence in the city’s revitalization. The surrounding corridor continues to attract investment and redevelopment interest. Hotels nearby are Merry Acres Inn, Luxury Inn By OYO, Quality Inn, Knights Inn, and Sunrise Inn By OYO!
Colleges nearby are Albany State University and Albany Technical College, collectively serving over 9,500 students and faculty!
Schools nearby are Dougherty Comprehensive High School, Albany Middle School, Lake Park Elementary School, and Lincoln Elementary Magnet School, collectively serving over 3,300 students and faculty!
Albany Transportation Center in downtown Albany opened in 2023! A new multimodal hub with Greyhound slips and 12 bus bays! A fresh demand/foot?traffic driver three blocks from the Motel Property!
Industrial/employer stability in the area! The Marine Corps Logistics Base in Albany anchors the metro with 4,000+ personnel and nearly $1.7B annual impact with a recurring crew and contractor long term stay potential!
AMADAS Industries broke ground on a $10M expansion in 2024 in Albany! WebstaurantStore has grown to nearly 500 employees since opening its distribution center in 2015! Steady contractor/visitor demand in the area!
Less than 3 hours from Atlanta, GA! Less than 2 hours from Tallahassee, FL! 1 h 30 min from Columbus, GA!
Asking Price for Motel Property with On-Site Owner's Residence: $2.2M.
