Ember Hotel
Hospitality
Marketing description
The Ember Hotel is a hotel development project for Lehi’s Downtown Main Street. The seller has put together a development plan for this three-story, 22-room, 8,750 square-foot hotel set on a 0.27-acre commercial parcel, and has all necessary city and county approvals.
The revitalization of Downtown Lehi’s Main Street is part of Lehi City’s economic strategic development plan, and includes a hotel like Ember. Their goal is to foster business development in the area to create a community focal point and gathering place utilizing the Main Street America program.
Hotels in the immediate area range in type and occupancy size, however the area lacks independent and boutique accommodations. Ember Hotel provides these for the city while also fulfilling a desired amenity for the Downtown Lehi revitalization initiative. Additionally, Home2Suites by Hilton and Staybridge Suites are the only area hotels that offer kitchenettes, a feature included in the approved blueprints for Ember Hotel.
Investment highlights
- Accepting back up offers
- Strategically positioned for strong, sustainable cash flow
- Competitive projected cap rate - above market-average
- Approved by three (3) different lenders
- Boutique hotel with historic aesthetic
- 22 one-bedroom, 300-SF suites
- In-suite kitchenettes
- Granite countertops
- Stainless steel appliances
- In-unit laundry
- Exterior patio with bistro tables and outdoor game area
- Digital guest features (automated check-in, keyless entry, etc.)
- Experienced, professional property management team with 4.91-average guest rating across multiple platforms
- Walkable to community amenities Minutes to 1-15
- High-growth area for population and jobs
- 22-room hotel development
- 0.27 AC commercialzone property
- City/county-approved development plans
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