8037 Black Horse Pike Pleasantville, NJ 08232-2854
This exceptional 142-key Ramada hotel presents a lucrative investment opportunity. Strategically located at 8037 Black Horse Pike in Pleasantville, New Jersey (zip code 08234), this property boasts a prime position on Route 40, offering easy access to Atlantic City's renowned beaches, casinos, and shopping outlets, including premium outlet malls. The hotel's 4.22-acre lot houses two distinct sections: a five-story building with 90 rooms accessed via an indoor corridor and elevators, and a separate two-story building with 52 rooms featuring exterior entrances. All 142 guest rooms are equipped with modern amenities including air conditioning, free Wi-Fi, flat-screen TVs, and private bathrooms. The hotel's proximity to Stockton University further enhances its appeal to a diverse clientele. This established business presents a compelling opportunity for significant returns, capitalizing on the consistent demand for hospitality services in this vibrant region. The asking price for this turnkey operation is $6,500,000. This represents a rare chance to acquire a well-established hotel with significant growth potential in a high-traffic area. The property's location near major attractions and its substantial room count make it an attractive investment for experienced hospitality operators.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.