Fenwick Inn


Price:
  $15,200,000   
$14,500,000

[Currently Under Agreement]

Address :
13801 Coastal Hwy
Ocean City, MD 21842


  •  Confidentiality Agreement
  •  Property contains multiple revenue sources
  •  Consistent year-over-year increases in revenue
  •  Fully renovated with pristine guest rooms and public areas
  •  Property has seen increases in Occupancy and RevPAR over the last three STR 12-month periods, while its competitive set has seen decreases
  •  Opportunity to increase bottom-line profitability with control of some departmental expenses
  •  Brands currently not represented in the market include: Hilton Garden Inn, Crowne Plaza, Autograph Collection, Best Western Premier and SureStay Collection. These brands are not currently in the market but have not been confirmed by the franchisors.
    View Map    View Aerial
  •  Although the year-round population of Ocean City is approximately 7,100 people, this Atlantic Ocean resort community draws over 8 million visitors annually.
  •  Less than 150 miles from Washington, DC; Baltimore, MD, Wilmington, DE, and Philadelphia, PA
  •  Close to Regional Demand Generators:
    •  1.8 Miles to Gold Coast Mall
    •  2.6 Miles to Ocean City Center for the Arts
    •  5.4 Miles to Roland E. Powell Convention Center & Performing Arts Center
    •  7.6 Miles to historic Ocean City Boardwalk
    •  9.2 Miles to Outlets Ocean City
    •  12 Miles to Ocean Downs Casino & Race Track
    •  31 Miles to Salisbury-Ocean City Wicomico Regional Airport
  •  2 Buildings (Hotel & Pool)
  •  8-Story Hotel Building
  •  Interior Corridors
  •  Concrete Construction
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot – 237 Spaces
  •  Complimentary Breakfast Room (Seats 105)
  •  Lounge (Seats 81)
  •  Meeting Space (3,375 Square Feet)
  •  Sundry Shop
  •  Business Center
  •  Fitness Center
  •  Heated, Indoor Pool & Hot Tub
  •  Wireless Internet
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
T-12Mos 4/19
Occupancy
44.22%
48.12%
47.63%
47.56%
Average Daily Rate
$118.65
$111.68
$113.96
$114.72
RevPar
$52.46
$53.74
$54.28
$54.57
Room Revenue
$3,849,408
$3,931,061
$3,962,513
$3,983,316
Total Revenue
$4,361,102
$4,794,774
$4,740,430
$4,762,181
Net Operating Income
$1,135,095
$1,257,386
$1,116,565
$1,204,353
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!