$6,950,000 / 8br - Hotel For Sale Needs Full Rehab and We have the Rehab cost for you

Rehab Estimate – 77-Room Economy Hotel Total Area: 31,744 SF Rooms: 77 Restaurant/bar, exterior corridor, 1 elevator Gut job needed, but no structural changes or major expansions 1. Guest Rooms – Full Renovation w/ FF&E Per Room: $22,500Total: 77 × $22,500 = $1,732,5002. 2. Restaurant / Bar Area renovation of kitchen, bar, and dining space with essential equipment Estimate: $275,000 3. Common Areas (Lobby, Office, Corridors, Laundry)Paint, flooring, basic lighting, furniture, ADA compliance Estimate: $200,000 4. Elevator Refurbishment (Not Full Replacement)New controls, cab refurb, servicing Estimate: $85,000 5. MEP (Mechanical, Electrical, Plumbing) Systems Essential replacements & repairs Estimate: $550,000 6. Exterior Improvements Roof patch/repair, paint, stairwells, lighting Estimate: $250,000 7. Site Work Restriping, landscaping refresh, signage, basic fencing Estimate: $100,000 8. Soft Costs + Contingency (12%)Architect/permits/fees/contingency12% of ~$3.2M = $384,000 9. Total Estimate: ~$3,576,500 GREAT FOR APARTMENTS AND OR VACATION RENTALS/HOTEL