505 E Wendover Blvd - Hospitality FOR SALE


Wendover, UT 84083
$1,600,000 USD
513-300-0763
505 E Wendover Blvd, Wendover, UT for Sale
$1,600,000 USD
Hospitality - FOR SALE
1/5
null | 4.46% Cap Rate

505 E Wendover Blvd
Wendover, UT 84083


HIGHLIGHTS

  • - Attractive In Place Cashflow
  • - Optimal Room Count for Owner/Operator
  • - Possible Conversion Opportunities With Financial Incentives-
  • - Huge Upside Through Hands on Ownership
  • -Remotely Operated by Absentee Owner and Local Staff
  • - Near Major Tourist Destinations

OVERVIEW

We are proud to present the 50-room Americas Best Value Inn in Wendover, Utah. The hotel is located directly off of I-80 near the world-renowned Bonneville Salt Flats. The Americas Best Value Inn benefits from its proximity to several major tourist destinations including the Bonneville Speed Races, the several Wendover, Nevada casinos, and the multiple Wendover historical sites. The hotel is currently being remotely operated by an absentee owner with the help of local staff. While Sontesta is offering to extend a new franchise to a new owner, there are multiple major well known economy brands that would encompass this hotel into their reservation systems. This presents a unique opportunity to explore other brands and compare which financial incentives are available to improve performance at the hotel. An investor can benefit from improving operations with hands on ownership while increasing an already attractive in place cash flow.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$53 USD /SF

# OF ROOMS

50

PRICE/ROOM

$32,000 {currency}

CAP RATE

4.46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn Wendover

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C

APN/PARCEL ID

01-261-0-0022

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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