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

PROPERTY FACTS
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 | - |
LINKS
PROPERTY TAXES
Parcel Number | WORC-000046-000047-000001 | Improvements Assessment | $6,154,700 |
Land Assessment | $1,883,400 | Total Assessment | $8,038,100 |
Listing ID: 13021687
Date on Market: 6/28/2018
Last Updated:
Address: 50 Oriol Dr, Worcester, MA 01605
The Booth Apartments Hospitality Property at 50 Oriol Dr, Worcester, MA 01605 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.