Super 8 by Wyndham Atlantic City

  • $2,975,000
For Sale Price Reduction New
Super 8 by Wyndham Atlantic City, 175-181, Tennesee Avenue, Stanley S. Holmes Village, Atlantic City, Atlantic County, New Jersey, 08401, United States
For Sale Price Reduction New
Super 8 by Wyndham Atlantic City, 175-181, Tennesee Avenue, Stanley S. Holmes Village, Atlantic City, Atlantic County, New Jersey, 08401, United States
  • $2,975,000
  • 37,852
  • Gross SF
  • 4
  • Stories
  • 71
  • Keys
  • 1
  • Number of Buildings

Description

The offering memorandum highlights the sale of fee simple and lease hold interest in the Super 8 by Wyndham Atlantic City, a 71-key economy hotel located at 175 S. Tennessee Avenue, steps away from the beach and boardwalk. Affiliated with Wyndham Hotels & Resorts, this property capitalizes on Atlantic City’s tourist appeal, offering a strategic investment opportunity with robust market performance indicators.

 

INVESTMENT HIGHLIGHTS:

Strategic Location: Proximity to Atlantic City’s attractions enhances guest traffic and occupancy.
Brand Affiliation: Part of Wyndham Hotels & Resorts, benefiting from global brand recognition.
Efficient Operation: Economy classification enables high RevPAR and low operational costs.

KEY PERFORMANCE INDICATORS:

Occupancy Rate: 53.1%, surpassing the New Jersey Shore average.
Average Daily Rate (ADR): Competitive at $134.21, appealing to price-sensitive travelers.
Revenue per Available Room (RevPAR): $71.32, indicating healthy revenue generation.
Market Trends: A 6.1% year-over-year increase in occupied rooms with limited new construction signals growth potential and limited competition for the Super 8 property.

 

SIGN THE NDA

Details

  • Price: $2,975,000
  • Gross SF: 37,852
  • Property Status: For Sale
  • Stories: 4
  • Keys: 71
  • Number of Buildings: 1
  • Acres: .34
  • City Atlantic City
  • State/County New Jersey
  • Neighborhood/Area Atlantic City

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Anudeep Gosal
  • Anudeep Gosal