Leasehold: The right to possession and use of land for a fixed period of time. The lease is the agreement that creates the right.

The sale of a Motel lease is the sale of the business only by way of assignment of the lease by the current lessee.

The average sale price is around 3 times the net profit.

Depending however on location, years left on the lease etc. this could be as low as 25% return (4 times net) to 40% return on sale price.