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Franchise Hotel - Bangor Maine 750 Hogan Rd

96 Room Hotel Bangor, ME 04401 $7,990,000 ($83,229/Room)

Investment Highlights

  • 96 well-appointed guestrooms offer varied accommodations with single, queen, or king-size beds, including extended stay units
  • Room amenities include large-screen TVs, microwaves, and refrigerators
  • Short drive to downtown, Casino, Civic Center and Waterfront Concert Pavilion
  • Location merits possible repositioning with or without a franchise affiliation and Property is well-suited to create extended-stay suites by combining
  • Hotel amenities include a fitness center, game room with arcade, meeting/banquet rooms, breakfast room, business center, meeting space, guest laundry
  • Nearby to restaurants, universities, and other area attractions

Executive Summary

This interior corridor hotel is conveniently located in central Maine and offers 96 well-appointed guest rooms, suites, and extended stay units. This property features a 933-square-foot conference facility that can accommodate up to 70 people for all types of social and business functions. The property also offers on-site employee housing.
Amenities include a fitness room, guest laundry facilities, a game room, meeting and banquet rooms, and ample parking. Spacious guest rooms are equipped with in-room safes and coffee makers and refrigerators in some rooms.
The Hotel is minutes from the Bangor Raceway, Off-Track Betting, Civic Center, the Penobscot River, Husson College, and the University of Maine at Orono. The hotel is a day trip to Acadia National Park, Bar Harbor, Mount Katahdin, and Baxter State Park. An array of popular restaurants and shops are accessible nearby and in the surrounding area.

Property Facts

Price $7,990,000
Price Per Room $83,229
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.97 AC
Building Size 40,532 SF
No. Rooms 96
No. Stories 2
Year Built 1986
Parking Ratio 3.18/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 96 $164.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BANG-000061R-000000-000009-H000000
Land Assessment
$404,200
Improvements Assessment
$3,018,300
Total Assessment
$3,422,500

zoning

Zoning Code S&PS
S&PS
  • Listing ID: 28498561

  • Date on Market: 5/16/2023

  • Last Updated:

  • Address: 750 Hogan Rd, Bangor, ME 04401

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