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1533 Lacey Street - Travel Lodge, Fairbanks, AK

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1533 Lacey Street - Travel Lodge

Fairbanks, AK 99701-6209

Property Type:Hospitality Number of Rooms:66 Status:Existing Year Built:1974
Stories:1 Building Size:24,584 SF Land Area:.79 AC (34,412 SF)
For Sale Price:$950,000 Price/Room:$14,394 Cap Rate:-


Sale Notes:
The Property (currently a "Travelodge") is a four-story structure operated as a 65-room hotel with parking at it' s north, east, and south sides. Signage is located on the building. The hotel is about a 5.5 mile drive from the Fairbanks International Airport. Primary vehicle access is generally just off of Airport Way to Cushman Street
to 15th Avenue to Lacey Street.
Hotel facilities and amenities include a 24-hour reception desk, adjoining rooms available, bus/truck parking, coffee/tea maker, cribs available, daily housekeeping, early check-in available, elevators, express check-out, flat screen TV' s, free breakfast, free parking, free Wi-Fi, multilingual staff, and RV parking. This is a non-smoking hotel.
The property is owned free and clear from any mortgage. Therefore, the Seller would possibly be willing to provide owner financing, provide a lease with an option to purchase, or perhaps trade for a larger property (mainly hotel or multifamily.)

Primary access: Airport Way to Cushman St. to 15th Ave. to Lacey St.

Jack White Commercial
Brian Edmondson
(907) 762-7588

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