Park Inn Sharon | 3377 New Castle Rd
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Park Inn Sharon 3377 New Castle Rd
153 Room Hotel West Middlesex, PA 16159 $3,610,875 CAD ($23,600 CAD/Room)
INVESTMENT HIGHLIGHTS
- Growing area with upside potential and owner financing available to qualified buyer with 30% down payment
EXECUTIVE SUMMARY
This 153 Rooms 3 story interior corridor hotel with indoor swimming pool and moderate Food and Beverage. The hostel did the following revenues for the year of 2024:
Room Revenues: $ 1,028,138
Other Revenues:$ 52,261
Food and Beverage: $ 114,975
Banquet Revenues: $ 82,849
Gross Revenues: $ 1,196,450
Hotel offered at 2.4 times room revenues.
Owner operator required to operate and manage. Owner financing available to the qualified buyer with 30% down payment. Property offered at
Room Revenues: $ 1,028,138
Other Revenues:$ 52,261
Food and Beverage: $ 114,975
Banquet Revenues: $ 82,849
Gross Revenues: $ 1,196,450
Hotel offered at 2.4 times room revenues.
Owner operator required to operate and manage. Owner financing available to the qualified buyer with 30% down payment. Property offered at
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,610,875 CAD | Building Size | 121,459 SF |
| Price Per Room | $23,600 CAD | No. Rooms | 153 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Lot Size | 9.36 AC | Corridor | Interior |
| Price | $3,610,875 CAD |
| Price Per Room | $23,600 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 9.36 AC |
| Building Size | 121,459 SF |
| No. Rooms | 153 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2023 |
| Tenancy | Single |
| Parking Ratio | 1.73/1,000 SF |
| Corridor | Interior |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $168.99 CAD | - |
| Guest Room | 148 | $108.33 CAD | - |
PROPERTY TAXES
| Parcel Number | 27-19865 | Improvements Assessment | $536,681 CAD |
| Land Assessment | $27,657 CAD | Total Assessment | $564,338 CAD |
PROPERTY TAXES
Parcel Number
27-19865
Land Assessment
$27,657 CAD
Improvements Assessment
$536,681 CAD
Total Assessment
$564,338 CAD
ZONING
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Park Inn Sharon | 3377 New Castle Rd
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