Recently,

I learned about two off market Hotels for Sale, the first is in a major tourist city in Florida and the highlights are:

Asking Price: $19M, $140,741/key, $160/sq ft, Cap Rate 9.64% on Jan thru Jun 2008 Annualized numbers, with a 5% reserve.

135 suites, Built: 1999 on 0.92 acres.

Numerous documents available for review-

The second is located south of San Jose, CA and the highlights are:

Asking Price: $14M, $129,630/key, $280/sq ft, Cap Rate 7.25% on 2008 projected numbers

108 Total rooms and suites, built in 1999 on 2 acres.

Please email Pete@CommercialMasterMinds.com or call 925-719-3569 to discuss further.