Listed by Keller Williams Realty West Monmouth
$6,200,000
RODEWAY INN - MT. LAUREL - NJ
Details
APN 24-01306-01-00007
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 41,148
Keys 92
Cap Rate 10.12%
NOI $627,334
Occupancy 80%
Pro-Forma Cap Rate 11.61%
Pro-Forma NOI $720,000
Price per SqFt $151
Year Renovated 2023
Buildings 1
Stories 2
Acreage 2.422
Parking Spaces 131 spaces
Parking per 1,000 SqFt 3.18
Investment Type Stabilized
Ground Lease No
Ownership Corporate
Hospitality | 92 Keys | $67,391/key
Marketing description
- The Rodeway Inn Mount Laurel is a 92-room, exterior corridor, economy-class hotel strategically located at 1132 Route 73, Mount Laurel, NJ 08054. Situated on a prime 2.42-acre suburban lot, the property is a franchise-operated facility under the Choice Hotels International umbrella.
- The building features a durable two-story, exterior corridor design constructed with reinforced concrete.
- Following an initial renovation in 2012, the property underwent extensive capital improvements in 2023, including the installation of a new boiler, comprehensive new plumbing, and new PTAC units in all guest rooms.
- This asset represents a great opportunity for hands-on operations, benefiting from a high-traffic location that sees nearly 65,000 vehicles daily and a robust local economy with over 70,000 daytime employees within a three-mile radius
- The property is approximately 20 miles (34-minute drive) from Philadelphia International Airport.
- It is served by the Cherry Hill (NJ Transit) and Lindenwold (PATCO/NJ Transit) commuter rail lines, located within 6.5 to 7.8 miles.
Investment highlights
- Renovated Asset: Benefit from significant capital improvements made new boiler, Solar panels has 2-3 years financing left, which will help reduce PSEG cost.
- The 3-mile radius boasts a median household income of $107,079 and a daytime employee population exceeding 70,000.
- The property features solar panels installed on the roof, as visible in aerial and building photography, potentially reducing operational energy costs.
- Immediate access to Route 73 and proximity to Church Road and Howard Blvd.
- Tax Responsibility (2024): Property taxes are approximately **117,478 total for 2025 Market Metrics (South Jersey)
- Occupancy: 80.3%. Average Daily Rate (ADR): $75.02. RevPAR: $70.15
Listing Contacts
Listed by Keller Williams Realty West Monmouth
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$627,334.00
$52,277.83/mo
Valuation Metrics
0
DSCR
10.12%
Cap Rate
10.12%
ROI
Map
Zoning
B CommercialGeneral CommercialBusiness
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 11 uses
View all 11 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
