Key Highlights: Turnkey Opportunity: All groundwork, permits, and approvals completed by experienced developer. Strong Financials: Pro forma projections indicate an 8-10% cap rate (potentially higher with conservative room rate assumptions). Cost-Efficient: $65k per key vs. $100k+ average for upper midscale boutique hotels in high-traffic Western U.S. markets. Flexibility: Property can be repurposed for multi-family housing (buyer responsible for new permits/approvals). Financing: Development/construction loan approvals secured from three lenders. Seller’s Position: Experienced developer seeks to reduce workload and is not under pressure to sell. Full property purchase scheduled for October 1, 2025. Included Documentation: Property architecture approvals Listing agreement and additional materials available upon request. This is a rare, shovel-ready opportunity in a prime downtown Lehi location.