Under contract, Highly Profitable Hotel Seeks Acquirer

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Business Description

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:

18 Stories
5 Interior Glass Elevators updated in 2000
3 Service Elevators
23.15 Acres
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)
GuestTek (hard-wired)
Zoned BC General Business

About the Business

Location:
Dearborn, Michigan
Year Established:
1976
Number of Employees:
650
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Listing Info

ID:
1394772
Ad Detail Views:
4868
Asking Price:
$28,000,000

Gross Revenue:
$26,130,408
Cash Flow:
$1,090,123
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$32,000,000
not included in asking price

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Business Listed by

Nick Modares

Business Brokers Inc./Atlant Business Ad
License# 239912

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