Located in the Midwest United States, this 772 room former Hyatt Regency is located next to a convention center that can be managed by the hotel manager.
Here are some details:
5 Interior Glass Elevators updated in 2000
3 Service Elevators
Structural Steel Frame Concrete and Concrete Block
Exterior Walls are Concrete Masonry and Curtain Glass Wall Cladding
Interior Walls are Painted and wallpapered Gypsum Board or Concrete
14 Roof Surfaces
Concrete Decking with Roof Surfaces made of Asphalt, Modified Bitumen, Ballasted and Adhered EPDM
Gross Building Area is 810,000 sf.
Meeting Space is 62,000 sf.
Parking Space has 1,000 spaces
Telephone provider is AT&T
Internet Service is T-Mobile (wireless)
Zoned BC General Business
Asking Price: $28,000,000 Gross Revenue: $26,130,408Cash Flow: $1,090,123 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $32,000,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Under contract, Highly Profitable Hotel Seeks Acquirer
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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