Somers Point, New Jersey
ASKING PRICE HOTEL $4,000,000
PER ROOM $80,000
The Econo Lodge Somers Point has been family owned and operated since 1998. The motel has been welcoming vacationers to Somers Point and neighboring Ocean City since 1958.
The property has 50 guestrooms in three, two story exterior corridor buildings. The Econo Lodge also features an expansive outdoor pool and deck and the amentias typical of an economy hotel. The Econo Lodge franchise only has n one year term.
The Econo Lodge occupies a prime, visible location off MacArthur Blvd, which leads to the Stanton Memorial Causeway directly into the beachfront Ocean City. The property is less than a 10-minute drive (2.8 miles south) to the famous Ocean City Boardwalk.
Ocean City has over 8 miles of sparkling ocean and bay beaches and 2.5 miles of boardwalk which has 8 full blocks of family amusements and waterparks. The Boardwalk is home to the Music Pier. The Music Pier is home to the Ocean City Pops and concerts are performed throughout the year.
New entrepreneurial, hands-on management can capitalize on many opportunities to improve revenue and profitability.