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.