Hotel With Immediate Growth Potential
Location Connecticut,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $522711
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Other business interests.
Description Great opportunity to step in and immediately profit from hotel business. Current absentee management group has not utilized reservation system and advertising methods to full financial potential, but well-known and heavily advertised brand will lend substantial support and reservations to new owner. Beautiful 93 room hotel within minutes of Mohegan Sun Casino, Mystic Aquarium, Mystic Seaport, Connecticut College, US Coast Guard Academy, Essex Steam Train, Foxwoods Casino, Mashantucket Pequot Museum and local beaches. Amenities include: * Outdoor Pool * Banquet Area * Over 1,800 square feet of flexible meeting room space * Free High Speed Internet * Vacant Restaurant (turnkey, needs operator) * Washer and Dryer on site Revenue derived from rooms and business center. With an operator, turnkey restaurant can also generate income. Contact for more information on this Hotel for sale.
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