3803 Brooks Street
Missoula, MT 59804 ·
81 Rooms · Hotel & Motel For Sale
81 Room Hotel w/ Conferece Center
|Price||N/A||Property Use Type||Investment|
|No. Rooms||81||Cap Rate||12%|
|Building Size||42,863 SF||No. Stories||2|
|Property Type||Hotel & Motel||Year Built||1984|
|Property Sub-type||Full Service||Lot Size||1.50 AC|
|Listing ID: 16861350||Date Created: 10/06/2010||Last Updated: 06/07/2011|
Built in 1984, in excellent condition, professionally landscaped with great curb appeal, this national franchise AAA hotel has 81 rooms and full conference center. There are 46 queens, 30 double queens and 5 kings, with three of these used as designated Handicap Rooms. 2010 rates range from $60 to $140. Each immaculately clean room includes wireless high-speed internet, central phone system with message light, all new mattresses, ergonomic desk chairs, in-wall heat and A/C units, hard-wired smoke alarms, 26 cable TVs with HBO, full tub and shower bathrooms with out-curved shower rods, hair dryers, coffee makers, irons and ironing boards.
This hotel has been developed, owned and operated by the original owner. It is being offered for sale at this time due to age and retirement. New construction (42,863 total sq. ft. including the conference center) cost would be at well over $3,000,000, plus the land at over $1,000,000. The firm price is $2,100,000. This is truly an incredible value. Seven to eight percent commercial lender financing is available to a qualified buyer with twenty-five to thirty percent down payment.
THIS HOTEL IS SHOWN BY APPOINTMENT ONLY
MISSOULA, with area population around 100,000, is nestled in the heart of the northern Rocky Mountains in Western, Montana. At the convergence of five mountain valleys and three rivers, less than three hours south of Glacier National Park and just five hours northwest of Yellowstone, Missoula is the second largest city in Montana. Flathead Lake, lying between Missoula and Kalispell, Whitefish, Bigfork, Glacier and the Canadian border, is the largest freshwater lake west of the Mississippi. Seven ultimate wilderness areas, a few of the largest in the entire United States, surround Missoula, including the Bob Marshall, Bitterroot and Lolo Mountain Recreation Area. This is the infamous Louis & Clark Trail, where the Mission, Swan and Bitterroot Mountains provide hiking, biking, hunting, snowmobiling and skiing, plus fishing, floating and rafting on the Clark Fork, Blackfoot and Bitterroot Rivers.
Snowbowl Ski Area is a short twenty minute drive from downtown Missoula, featuring a continuous 2,600 foot vertical drop, one of the steepest in the United States. Discovery Basin, Lookout Pass, Black Tail and Lost Trail ski areas are all within a two hour drive.
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