This Hotel & Motel Property is Off-Market.

133 North Virginia St
Reno, NV 89501 ·

181 Rooms · Hotel & Motel For Sale

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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

Description

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 .

Research

133 North Virginia St, Reno, NV 89501 (Washoe County)

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