Days Inn & Suites Clovis
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||$39,473.68 Per Unit
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||Cash to Seller
Overview / Comments
The Days Inn & Suites of Clovis, N.M. is a 114-room, exterior corridor, limited-service hotel. Common area amenities include parking for cars and buses, outdoor swimming pool, business center, meeting room, and guest laundry facilities. With recent renovations, the property is a turnkey asset, operated by third-party management. Giving a new owner/operator substantial upside to run an aggressive hands-on operation.
The Days Inn & Suites of Clovis, N.M., is offered for sale at $4.5M, or approximately 39k per room at a capitalization rate of 11.17 percent based on TTM April 2017.
The hotel is experiencing a strong upward revenue trend: its revenue is up around 35 percent year-to-date compared to 2016. The hotel is gaining healthy increases in both ADR and Occupancy levels.
This is an excellent opportunity for an investor to acquire a turnkey and stabilized asset with substantial upside, well-below replacement cost.
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