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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 | - |
PROPERTY TAXES
| Parcel Number | WORC-000046-000047-000001 | Improvements Assessment | $6,154,700 |
| Land Assessment | $1,883,400 | Total Assessment | $8,038,100 |
PROPERTY TAXES
