21 Key | Extended Stay Hotel Opportunity
Hospitality | 21 Room King Suites with Kitchenette | $111,905/key
Marketing description
HOTEL OPPORTUNITY | 21 KEY | 11,144 SF
Premier Meridian Rd I-84 Interchange Opportunity Property Investment Idaho is pleased to present this 21 suite extended stay hotel, offering an excellent opportunity to acquire a redevelopment project at Meridian's most prominent interstate interchange. Strategically positioned at the Meridian Road exit of I-84 with exceptional freeway visibility, this offers investors multiple repositioning strategies as this building sits on its own parcel with a cross use parking agreement.
With 128,000 vehicles per day (2015 data) passing this high-visibility corridor, the property benefits from extraordinary exposure serving Idaho's fastest-growing city and the greater Boise Valley metropolitan area. The portfolio's flexible structure supports diverse investment strategies from continued hospitality operations to mixed-use conversion, adaptive reuse, or campus redevelopment.
Investment highlights
PROPERTY OVERVIEW
This 21-suite extended-stay property offers exceptional flexibility for investors seeking a versatile asset at Meridian's
most dynamic interstate corridor. Situated at the Meridian Road interchange of I-84 located next to the 60-room
Quality Inn property, Roaring Spring Water Park, Wahooz Family Fun Center and more, this 11,144-square-foot building
presents multiple income-generating opportunities tailored to evolving market demands. With 128,000 vehicles per
day (2015 data) passing this high-visibility location, the property benefits from extraordinary exposure that supports
multiple business models and conversion strategies.
FLEXIBLE ACQUISITION & OPERATION OPTIONS
This property's independent structure and separate legal description create unique positioning for diverse investment strategies:
Combined Hospitality Asset: Purchase alongside the 60-room Quality Inn to create an 81-room hotel complex with extended-stay component, capturing both transient and long-term guest markets
Standalone Extended Stay Hotel: Operate independently as a boutique extended-stay property serving corporate relocations, medical visitors, and project-based workers Short-Term Rental Portfolio: Convert to Airbnb-style vacation rentals capitalizing on proximity to Roaring Springs Water Park, Wahooz Family Fun Center, and regional attractions
Office Conversion: Adapt suites to professional office space under current C-G zoning, leveraging interstate visibility for business tenants Residential Conversion: Pursue Conditional Use Permit (CUP) for multifamily housing, addressing Meridian's growing residential demand in a transit-oriented location
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