Historical Hotel & Motel Sale Listing - Available: The Nevadan Hotel, 181-room, Reno, NV

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Available: The Nevadan Hotel, 181-room, Reno, NV

133 North Virginia St, Reno, NV 89501

N/A

181 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
181
Building Size:
121,887 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Average Daily Rate:
$33
RevPAR:
$24
Lot Size:
17,511 SF
Listing ID
17434727
Last Updated
over 1 year ago

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 .

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

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

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Created 11/30/2011