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Pinedale Inn & Suites
82 Key Hotel with Extended Stay with Restaurant Lease and Spa
Listing Contacts
License: UT UT 6529007-SA00, WY WY RE-15364
Active
Asking Price: $4,500,000
Address
1424 W Pine St, Pinedale, WY 82941
Show on MapDate Added
Sep 25, 2024
Days on Market
234 days
Time Since Last Update
2 days
Details
Property TypeHospitality
SubtypeHotel
Square Footage42,693
Price/Sq Ft$105.40
Cap Rate11.71%
Keys82
Year Built2005
Buildings1
Stories3
ZoningCommercial
Lot Size (acres)2.31
Parking (spaces)90
APN02-00-10902
Price/Key$67,073
Ground LeaseNo
OwnershipOwner/Operator/Investment
INTELLIGENCEMarketing Description
***Second Price Reduction!***
The Pinedale Hotel is a 82-key interior corridor hotel with a 11.71% Cap rate. The building is 42,693 square feet and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more.
The property also has a 5-year lease for 1,057 square feet of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space.
The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months.
Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners. This property has great value-add potential with unrealized income.
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Property History
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Due Diligence
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Listing Contacts
- License: UT UT 6529007-SA00, WY WY RE-15364
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Additional Information
Additional Information
Broker Name
Kody M. Watts
Broker License
WY WY RE-15364
Brokerage Name
KW Keller Williams Western Trails
Brokerage Address
2401 West Main Street, Rapid City, United States 57702
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