Quality Inn
Hospitality | 58 Keys
Marketing description
This is a deal with a lot of UPSIDE for a Buyer. Hotel is Trailing the Comp Set by almost 55%, which is HUGE!
PLEASE CONTACT BROKER DIRECTLY.
58-room Interior Corridor ‘midscale’ hotel. Priced to sell quickly at under $33k/room for a midscale interior corridor!!!
Renovations in rooms and common areas (see pictures on hotel website - link below). Large 5.5 acre site.
https://www.choicehotels.com/wyoming/rawlins/quality-inn-hotels/wy046?mc=llgoxxpx
Change-of-ownership PIP is available & reasonable, but a new one has to be ordered, since it is older than 6 month.
Rawlins is located about halfway between Salt Lake City (capital of Utah) and Cheyenne (capital of Wyoming).
Denver, CO is only about a 3.5-hour drive away & Fort Collins, CO is only about 2.5-hour drive.
Interstate I-80 goes from San Francisco to Chicago (major east-west interstate).
Hotel is Trailing the Comp Set’s RevPAR by about 55%, which is huge! Potential upside for a Buyer.
New owner has potential to implement a different approach to marketing and revenue management, and to control expenses better.
NOI margins are low based on STR HOST report for Mountain Region.
Buyer has the opportunity to achieve a higher Net Operating Income (NOI).
Investment highlights
Renovated Rooms, Common Areas, and Driveway.
Change-Of-Ownership PIP is available, but a new one will be required, since it is older than 6 months.
Hotel is trailing the Comp Set by over 41%, so there is Potential Upside for new owner.
Well Below Replacement Cost, On a Price/Room Basis. Low Price/Room for a midscale interior corridor hotel.
Quality Inn Has a 8,906 SF Vacant Restaurant that has been condemned by the City and cannot be used.
Would require new roof, interior and exterior renovations, and possibly some asbestos mitigation.
Halfway Between Salt Lake City (Capital of UT) and Cheyenne (Capital of WY).
NOI Margin is low compared to average for Mountain Region. Upside for Buyer able to control expenses better.
Great for an Owner-Operator
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
