Quality Inn – Worcester, MA

50 Oriol Drive | Worcester, MA 01605

114

7,900,000

• Upper Economy Brand
• Interior corridor, block and plank building
• Strong performer with 71.4% occupancy and $91.52 average daily rate
• Many recent upgrades with a small PIP remaining
• Offered at $7,900,000

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 $400,000 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 70% occupancy and in the low $90.00 ADR which will equate to a revenue of $2,700,000+. The offering price is $7,900,000.

Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
Quality Inn – Worcester, MA
2506
  • Rooms:

    114

  • Room Sizes:

    Suites and standard

  • Land Area:

    6 Acres

  • Property Layout/Config:

    One 3 story building

  • Elevator:

    Yes

  • Key System:

    Cards

  • Interior/Exterior Corridors:

    Interior

  • Laundry:

    On site

  • HVAC:

    PTAC

  • Water/Sewer:

    Town water and sewer

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Market Data Description:

Located in the center of Massachusetts, between Boston and Springfield, Worcester is known as the "Heart of the Commonwealth." With a population of more than 182,000 and more than 35,000 college students, Worcester is the second largest city in New England. Centrally located, the City is under an hour from Boston, Providence and Hartford. Worcester is a city that offers the best of both large and small cities with its affordable housing; quality public schools; many colleges and universities; access to diverse culture, sports, restaurants and entertainment; and reliable local and regional transportation.

College of Holy Cross
DCU Center
Assumption College
Clark University
Worcester College
Worcester Polytechnic Institute
Hanover Theatre
Mechanics Hall
  • Complimentary breakfast
  • Free WiFi
  • Outdoor pool
  • Fitness center
  • Coffee maker
  • Hair dryer
  • Iron and board
  • Smoke free
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Phone: 603.766.4982
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