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21677803
21677805

2128 8th Ave, Lewiston, ID 83501

CW
ID SP56441, WA 24009257
Kelly Right Real Estate of Idaho LLC
Listed by Kelly Right Real Estate of Idaho LLC
$6,700,000
478 days on market
Updated 6 days ago

Quality Inn

Details
APN RPL355W0053325, RPL355W0053302
Property Type Hospitality
Sub Type Hotel
Square Footage 24,374
Keys 52
Beds 71
Cap Rate 9.67%
Occupancy 72.7%
Brand/Tenant Quality Inn
Price per SqFt $275
Broker Co-Op Yes
Year Built 1995
Year Renovated 2024
Buildings 1
Stories 2
Acreage 2.401
Zoning C6
Investment Type Core

Hospitality | 52 Keys | Quality Inn | 9.67% Cap Rate

Marketing description

Exciting Investment Opportunity: Quality Inn Hotel at the Mouth of Hells Canyon!

Discover a prime investment opportunity with this established Quality Inn Hotel, proudly affiliated with Choice Hotels International, located at the breathtaking entrance of Hells Canyon. This 52-key hotel, built in 1995 and situated on a generous 2.401 acres, offers a gateway to a world of outdoor adventure.

Immerse yourself in various thrilling activities, including hunting, fishing, golfing year-round, snowmobiling, attending the NAIA baseball tournament, and jet boating into the stunning Hells Canyon. The property was recently remodeled in 2024, enhancing its appeal with updated facilities and modern comforts for guests.

This hotel is a solid investment, with an impressive occupancy rate of 72.7% in 2023 and a cap rate of 9.67%. Additionally, the city has granted preliminary approval for a potential 30-RV hookup park or an exciting hotel expansion, opening doors to further revenue opportunities. The projected net income with the RV park is a remarkable $834,000, translating to a projected cap rate of 12.44%.

Don’t miss out on this unique chance to own a piece of paradise and capitalize on the growing tourism in this picturesque region! In summary, the Quality Inn at the mouth of Hells Canyon presents a unique combination of location, adventure, and financial opportunity. This is not just a real estate investment; it’s a chance to be part of a vibrant tourism market while offering guests unforgettable experiences in a stunning natural setting. LOI is needed to view the property.

Investment highlights

This hotel is a solid investment with an impressive occupancy rate of 72.7% in 2023 and a cap rate of 9.67%. Additionally, the city has granted preliminary approval for a potential 30 RV hookup park or an exciting hotel expansion, opening doors to further revenue opportunities. The projected net income with the RV park is a remarkable $834,000, translating to a projected cap rate of 12.44%.

Don’t miss out on this unique chance to own a piece of paradise and capitalize on the growing tourism in this picturesque region! In summary, the Quality Inn at the mouth of Hells Canyon presents a unique combination of location, adventure, and financial opportunity. This is not just a real estate investment; it’s a chance to be part of a vibrant tourism market while offering guests unforgettable experiences in a stunning natural setting. LOI is needed to view the property.

Listing Contacts

CW
ID SP56441, WA 24009257
Kelly Right Real Estate of Idaho LLC
Listed by Kelly Right Real Estate of Idaho LLC

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Additional Information

Name
Connor Ward
License
SP56441
Brokerage
Kelly Right Real Estate
Brokerage Phone
(844) 535-5974
Title
Real Estate Salesperson
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