InnShopper > Inns for Sale > New Hampshire > Confidential > Full Service NH Resort

Full Service NH Resort


Confidential, NH   Offered for sale at $5,200,000
 

This business is a well-established, historical resort property with a modern spa/fitness/indoor pool facility. It operates among the top of its competition regarding occupancy rates and RevPAR. It is located in a premier New England destination. This year-round resort has multiple revenue sources from their variety of lodging options, a busy restaurant and pub, a function facility, a retail shop, and a spa. There are 40+ units consisting of rooms, suites, and cottages.

There are a variety of meeting and function spaces that are able to accommodate intimate events for a handful of guests or large spaces with food service for groups up to 200 people.

The current owners have grown the business by focusing on systems, consistent marketing, and capital improvements. They have built an experienced well-trained team that earns high reviews from customers. The owners are willing to stay on for an extended transition period as managers for a passive investor or hotel ownership group.
• Successful lodging property with high occupancy rate that is at, or near, the top range for similar properties in their market
• ADR is in the middle of the range compared to similar properties in their area, so there is room to increase rates
• RevPAR is high compared to competition due to multiple revenue sources.
• Located in one of New England’s premier tourist areas with higher rates and occupancy than most other New England destination resort areas
• Established brand with long history of success and high reputation
• High repeat clientele
• 40+ lodging units. Unique lodging with a variety of accommodations that appeal to a wide range of guests during different seasons
• Multiple revenue sources: rooms, restaurant, pub, functions, spa services, and retail.
• Close to attractions, shopping, activities
• Comfortable owners’ quarters on-site
• Current owners are willing to stay on as managers, making this an ideal passive investment
• Good systems in place with ample management data
• Current owners have developed an excellent management team and a sustainable marketing program
• Year-round business with sustainable occupancy in all seasons
• Strong wedding and group business
• Since taking over this business, the owners have made significant capital improvements
• Strong and successful marketing program with a large database of past customers and an active, growing social media presence:
• 25,000 customer database
• 24,000 Facebook followers
• Fast-growing Instagram presence.

2018 Performance:

Total Revenue: $3M+
Occupancy: 60%+
ADR: $145+
Total RevPAR: $200+
Total Cash Flow: $500K+



Property Details
  • 40 Guest Rooms
  • 40 Guest Room Baths
  • Has Owner's Quarters
  • Last Renovated in 2019
  • Opened in 1800
  • Lot is 15 Acres
  • Photo Gallery
Financial Details
  • Offered for sale at $5,200,000
  • Occupancy Rate: 61
  • Average Daily Rate: 147
  • Annual revenue is $3,000,000
  • Terms: Cash flow over $500,000
Contact Information