HIGHLIGHTS
- Significant Room Count: A 66-unit hospitality asset consisting of 64 guest keys plus a 2-bedroom manager’s apartment
- Deep Value-Add Play: Currently operating as a distressed, owner-absentee asset with approximately 50% of the guest rooms offline
- Strategic Branding Potential: A “clean slate” for branding; Wyndham has already expressed interest in flagging this location
- Unbeatable Pricing: Offered at just $28,281 per key, representing a substantial discount to replacement cost and recent comparable sales
- Strong Submarket Fundamentals: According to CoStar data, the Lewiston Economy/Midscale submarket maintains a 12-month RevPAR of $49.95
- Immediate Upside: Bringing the offline rooms back into service allows a buyer to potentially double the current revenue stream
FOR SALE DETAILS
PRICE
$1,810,000 USD
PRICE/SF
$84 USD /SF
# OF ROOMS
64
PRICE/ROOM
$28,281 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cedars Inn & Suites
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1966
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.92 AC
LAND SF
39,901 SF
ZONING
C4
APN/PARCEL ID
RPL17100000130
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
866-889-0550
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
866-889-0550
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
