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31476601
31476602

505 Wendover Blvd, Wendover, UT 84083

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$1,450,000
62 days on market
Updated 16 days ago

America's Best Value Inn - Wendover UT

Details
APN 01-261-0-0022
Property Type Hospitality
Sub Type Hotel
Square Footage 44,431
Keys 50
Cap Rate 4.92%
NOI $71,396
Price per SqFt $33
Broker Co-Op Yes
Year Built 1980
Buildings 1
Stories 2
Acreage 1.000

Hospitality | 50 Keys | $29,000/key

Marketing description

We are proud to present the 50-room Americas Best Value Inn in Wendover, Utah. The hotel is located directly off of I-80 near the world-renowned Bonneville Salt Flats. The Americas Best Value Inn benefits from its proximity to several major tourist destinations including the Bonneville Speed Races, the several Wendover, Nevada casinos, and the multiple Wendover historical sites.

The hotel is currently being remotely operated by an absentee owner with the help of local staff. While Sontesta is offering to extend a new franchise to a new owner, there are multiple major well known economy brands that would encompass this hotel into their reservation systems. This presents a unique opportunity to explore other brands and compare which financial incentives are available to improve performance at the hotel. An investor can benefit from improving operations with hands on ownership while increasing an already attractive in place cash flow.

Investment highlights

- Attractive In Place Cashflow

- Optimal Room Count for Owner/Operator

- Possible Conversion Opportunities With Financial Incentives-

- Huge Upside Through Hands on Ownership

-Remotely Operated by Absentee Owner and Local Staff

- Near Major Tourist Destinations

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,396.00
$5,949.67/mo

Valuation Metrics

0
DSCR
4.92%
Cap Rate
4.92%
ROI

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