This property is Off-Market
133 North Virginia St
Reno, NV 89501 ·
181 Rooms · Hotel & Motel For Sale
Available: The Nevadan Hotel, 181-room, Reno, NV
|Price||N/A||Property Use Type||Investment|
|No. Rooms||181||Average Daily Rate||$33|
|Building Size||121,887 SF||RevPAR||$24|
|Property Type||Hotel & Motel||Lot Size||17,511 SF|
|Property Sub-type||Full Service|
|Listing ID: 17434727||Date Created: 11/30/2011||Last Updated: 06/25/2012|
The Nevadan Hotel represents an opportunity to acquire a 16-story, 181 room value-oriented hotel, located in the heart of downtown Reno. In addition to acquiring the asset, the property represents a unique opportunity to acquire a non-restrictive gaming license, offering ±21 slot machines. The hotel also offers subterranean parking with space for approximately 90 vehicles.
40% of the rooms were re-modeled in 2008/2009
The property is located at 133 North Virginia St, on the west side of Virginia St, between 2nd & 1st St. The property is a prime asset centrally located in downtown Reno, among the "core" downtown properties and is positioned to reap the benefits of the multiple revitalization projects occurring in downtown Reno .
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