Historic Luxury Boutique Hotel

Transcription

1 OFFERING SUMMARY Sale Price: $2,000,000 Cap Rate: 9.84% NOI: $196,747 Lot Size: 1.59 Acres Year Built: 1874 Building Size: 11,000 SF Renovated: 1984 Zoning: Commercial Market: Carbon County Submarket: Jim Thorpe Borough Traffic Count: 22,500 Price / SF: $ PROPERTY OVERVIEW in Carbon County. Purchased by current owners in 1984, it has been restored to its beauty and purpose over the years. Property consists of a main house and a smaller carriage house. Both buildings provide a mix of deluxe rooms and suites hosting up to 13 individual parties. A full kitchen, bar and several meeting rooms available for food service. The front of the building has a full veranda for outside dining. PROPERTY HIGHLIGHTS 1.59 Ac site Main House & Carriage Home On-Site Manager's Quarters Public utilities On-site parking Full Veranda w/exceptional views Wine Tasting Events Corporate/Wedding Event Settings Hosts up to 13 individual parties Mystery weekends & Wine tasting Expansion Opportunities TACM Commercial Realty Inc 2331 Route 209/Suite 5 Sciota, PA No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. EXECUTIVE SUMMARY

2 SALE HIGHLIGHTS 1.59 Ac site Main House & Carriage Home On-Site Manager's Quarters Public utilities On-site parking Full Veranda w/exceptional views Wine Tasting Events Corporate/Wedding Event Settings Hosts up to 13 individual parties Mystery weekends & Wine tasting Expansion Opportunities One the finest B&B's in the area COMPLETE HIGHLIGHTS

3 B & B/HOTEL OFFERING FOR SALE Te r r i M i c ke n s, C C I M ADDITIONAL PHOTOS

4 B & B/HOTEL OFFERING FOR SALE Te r r i M i c ke n s, C C I M ADDITIONAL PHOTOS

5 INVESTMENT OVERVIEW Price $2,000,000 Price per Room $153,846 RevPAR $29,076 ADR - CAP Rate 9.8% Cash-on-Cash Return (yr 1) % Total Return (yr 1) $113,233 Debt Coverage Ratio 1.51 OPERATING DATA Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income $378,000 Operating Expenses $181,253 Net Operating Income $196,747 Pre-Tax Cash Flow $66,747 FINANCING DATA Down Payment $400,000 Loan Amount $1,600,000 Debt Service $130,000 Debt Service Monthly $10,833 Principal Reduction (yr 1) $46,486 No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. FINANCIAL SUMMARY

6 INCOME SUMMARY Gross Income $378,000 EXPENSE SUMMARY COGS $57,661 Operating Expenses $123,592 Gross Expenses $181,253 Net Operating Income $196,747 No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. INCOME & EXPENSES

7 B & B/HOTEL OFFERING FOR SALE Te r r i M i c ke n s, C C I M LOCATION MAPS

8 Historic Luxury Boutique Hotel REGIONAL MAP