Listed by Colliers - Salt Lake City, Utah
$24,000,000
Obsidian Hyatt Destination Resort
Details
Property Type Hospitality, Land
Sub Type Hotel, Commercial
Square Footage 1,200,000
Keys 430
Price per SqFt $20
Broker Co-Op Yes
Buildings 7
Stories 3
Investment Type Redevelopment
Ownership Obsidian Resorts
Luxury hotel property located at the gateway Zion National Park
Marketing description
This is a fully entitled, and shovel ready, 430-unit, Hyatt approved hotel development and land deal. The property is in immediate proximity to Zion National Park which draws over 2 million visitors per year. It also lies in the fastest growing county in the United States.
The property is available in a variety of possibilities, outright purchase, phased takedowns, or joint venture.
Investment highlights
27.83 acres, fully entitled, Hyatt approved, 430 rooms in both day-rent rooms and branded residences. Proforma profit at sale approximately $185,000,000.00
Listing Contacts
Listed by Colliers - Salt Lake City, Utah
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