245 E Wendover Blvd - Hospitality FOR SALE


Wendover, UT 84083
$5,800,000 USD
385-217-4005
245 E Wendover Blvd, Wendover, UT for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/37
null | 13.38% Cap Rate

245 E Wendover Blvd
Wendover, UT 84083


HIGHLIGHTS

  • 13.4% cap rate on 2025 actual NOI of $776K — just $59,184 per key
  • Net income up 27% since 2023 with three consecutive years of $1.5M+ revenue
  • Market leader: 120.6 occupancy index and 113.5 RevPAR index vs. competitive set (STR)
  • Minutes from five West Wendover casinos — the value lodging option for Salt Lake City's drive-in gaming market
  • Last exit on I-80 before Nevada; year-round transient and trucking demand with dedicated truck & bus parking
  • Bonneville Salt Flats ~10 minutes away — Speed Week drives compressed summer demand

OVERVIEW

Apex CRES is pleased to present the exclusive offering of the Quality Inn Stateline, a 98-key, exterior-corridor select-service hotel located directly on Wendover Boulevard in Wendover, Utah — the last exit on Interstate 80 before the Nevada state line and the West Wendover casino district. The Property operates under a Choice Hotels International franchise and has delivered three consecutive years of stable seven-figure revenue with owner-reported net income growing from $613,074 in 2023 to $776,228 in 2025. The hotel serves a durable, diversified demand base: casino visitation from the five-casino West Wendover gaming market immediately across the state line, year-round Interstate 80 transient traffic between Salt Lake City and Reno, motorsports and event demand from the Bonneville Salt Flats (approximately ten minutes away), and group, government, and crew business supported by FEMA-approved status and dedicated truck parking. The Quality Inn Stateline is a low-rise, exterior-corridor hotel on East Wendover Boulevard, the primary commercial artery of Wendover, Utah, with direct visibility and access from Interstate 80 (Exit 410 corridor). The Property offers 98 rentable guestrooms in a mix of single- and double-bedded configurations, complimentary hot breakfast, a seasonal outdoor pool and hot tub, free WiFi, and extensive surface parking with dedicated truck and oversized-vehicle spaces — an important amenity for the I-80 commercial-driver segment.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$133 USD /SF

# OF ROOMS

100

PRICE/ROOM

$58,000 {currency}

CAP RATE

13.38%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Stateline Wendover

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1981

PARKING SPACES

88

LAND DETAILS

LAND ACRES

3.01 AC

LAND SF

131,116 SF

ZONING

C5-5

APN/PARCEL ID

01-266-0-0008

ASK ABOUT THIS PROPERTY

Trent BrightKW South Valley Keller WilliamsMore Info
385-217-4005

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Trent BrightKW South Valley Keller WilliamsMore Info
385-217-4005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.