Extended Stay Villager Lodge for Sale
Wall, New Jersey

The Villager Lodge Extended Stay motel is located on the southbound side of Highway 35, off Interstate 195. The locality enjoys high density residential, commercial, and industrial use as well as being the best beach resort area in central New Jersey.

The property enjoys extremely heavy high rate resort traffic during summer plus good year round commercial and industrial traffic.

Property Information:

Extended Stay Facility
35 Double Double Rooms
15 Single Rooms
Exterior Corridors
One 2-room apartment
Land 4.76 +/- acres
Age 33 +/- years
Total renovation in 2002
Franchise Days Inn 1991-2002
Villager Lodger 2003

Wall Township has a population of approximately 300,000. This property is the best and largest franchise lodging and meeting facility so the weekends are normally fully booked from February to November with weddings and other events.

There are only 2 franchise motels within a 5 mile radius - a 70 units Comfort Inn and a 50 units Travelodge, both were converted from independent motel to franchise during recent years.

The Comfort Inn rates are approximately 15% higher than the others.

There are also 3-4 independent motels of 20 to 30 rooms range and they are not competing with the franchised motels for the same category of customers.

Room Amenities:

Handicapped Rooms/Facilities
No Smoking Rooms
RV or Truck Parking
AM/FM Alarm Clock
Television with Cable
Work Desk
Microwave
Refrigerator
Hairdryer

Financial Information:

Price $5,500,000
2002 Gross $720,650
2002 NOI $393.602
$1,300,000+/- assumable SBA Loan at Prime+1% (5%) with Balance cash which may have partial owner financing to qualified buyer.

Extended Stay Villager Lodge for Sale Wall, New Jersey

Extended Stay Villager Lodge for Sale
Wall, New Jersey