Super 8 and Economy - Evanston, WY
Hospitality | 82 Keys
Marketing description
The Super 8 and Economy Inn are well-positioned hospitality assets located in Evanston, WY. The Super 8 by Wyndham is a 40-room, two-story, exterior-corridor hotel built in 1980 and renovated in 2013. Situated on 0.53 acres with a gross building area of 14,600 square feet, the franchise operated property benefits from Wyndham branding and offers essential amenities such as high-speed internet access and public Wi-Fi. Strategically positioned along Interstate 80, the Super 8 enjoys strong visibility and consistent demand from both regional and pass-through travelers.
The adjacent Economy Inn is a 42-room, two-story, exterior-corridor property originally built in 1977 and situated on 0.54 acres with a gross building area of 15,080 square feet. Currently operating with half of its rooms, the property presents an attractive repositioning or redevelopment opportunity due to its size, location, and designation within an Opportunity Zone. Each property features its own lobby and manager's quarters, allowing for dual branding or the flexibility to create two distinct hotel offerings. With direct interstate exposure, this asset provides significant potential for an investor seeking to rebrand, renovate, or repurpose a well-located property in the Evanston market.
Investment highlights
• Priced to Sell quickly at less than $22k/Unit
• Absentee managed allowing for owner/operator to
increase revenues and decrease costs. Property
performing at 60% RevPAR index.
• Option to Dual Brand or convert the current operations
into Two Hotels separately. Each property sits on it's own
parcel and includes a lobby and manager's quarters in
each.
• Financing available for qualified buyers (SBA7a, SBA 504,
and Conventional).
• Motivated Seller, Bring All Offers
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