Consumer Services Company

Wankawala Organization

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Funding Goal
Funding Raised So Far
Funding Commitments
Funding Remaining
Funding Type
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Company Overview


The Wankawala Organization is a hotel development and management company that owns and operates hotels throughout the Mid Atlantic Region.

The Company is headquartered in Marlton, NJ. The Wankawala Organization's goal is to acquire assets each year and maintain standards of excellence. Our philosophy has always been and will remain, our employees are our most valuable asset. Without our employees, we have nothing and Happy Employees equal Happy Guests which equals Great Returns for our investors.

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Business Summary


Company Age
Employees
Sub-Industry
Prior Year Revenue
Current Year Revenue
Next Year Revenue

Management


Mihir Wankawala
Managing Director Business Development
Mihir W......

Hotel Management Company – July 2014

• Currently manages 15 hotels with over 1500 rooms under management or development
• Focuses on geographic region of within 200 miles of Philadelphia, PA
• Focuses on limited service, select service hotel brands
• Current portfolio value over $250M

Mihir Wankawala
Managing Director Business Development
Mihir W......

1. The Hotel has historically achieved strong Room Revenue averaging $4.45 million between 2015 and 2019.
2. TTM September 2022, Room Revenue was almost $4.4 million and is expected to increase through the fall foliage season.
3. ADR, through TTM September 2022 ($122.99), exceeds pre-pandemic level.
4. RevPAR Index of 100.5% with ranking of “5 of 8” reveals upside.
5. Upon completion of the Property Improvement Plan (PIP), an energized new team will be able to aggressively promote the renovated Property.
6. Established, prominent location with easy access to all major demand generators and support amenities; near huge concentration of regional retail centers.
7. We are buying well below replacement cost. Today to build a 5 story hotel like this, it would cost between $150,000 to $175,000 per room when our all in cost is around $115,000 per room.
8. Hilton is a very powerful brand, specifically Hampton brand in the Hilton family.

To find out if this company and others are accepting funding, .

Funding Goal
Funding Raised So Far
Funding Commitments
Funding Remaining
Funding Type
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents


Contact


Wankawala Organization

Marlton, NJ 08053, US

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