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50 Oriol Dr
Worcester, MA 01605
Quality Inn & Suites Worcester · Hospitality Property For Sale · 114 Rooms

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class B
Lot Size 4.13 AC
Construction Status Converted
Building Size 78,720 SF
No. Rooms 114
No. Stories 3
Year Built 1976
Tenancy Single
Parking Ratio 1.78/1,000 SF
Corridor Interior
Zoning BL-1

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi

ABOUT 50 ORIOL DR , WORCESTER, MA 01605

The property is now operated as a Quality Inn and is the only franchised economy brand property in Worcester. This has helped the hotel in gaining a stronger ADR and occupancy as most all the other hotels are new or higher brands. There are now 65 suites that were operated as a Suburban now incorporated into the Quality Inn for a total of 114 guest rooms. There are now less expenses, a remodeled area where the second lobby was located and other renovations completed, there remains about $550,000 in a PIP. The Suburban operated at a lower occupancy and ADR than the Quality Inn and we now expect that the hotel will operate in the low 60% occupancy and in the low $90.00 ADR which will equate to a revenue of $2,300,000+. Price reduced to $7,300,000.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 3 $135.00 -
Guest Room 111 $114.00 -

PROPERTY TAXES

  • Listing ID: 13021687

  • Date on Market: 6/28/2018

  • Last Updated:

  • Address: 50 Oriol Dr, Worcester, MA 01605