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Browse More Listings in Hotel & Motel For Sale, Las Vegas, NV or Nevada

Hotel / Motel For Sale

PRICE REDUCED! Comfort Inn Across from Hard Rock!

4350 Paradise Road, Las Vegas, NV 89119

Price:
$19,900,000
No. Rooms:
209
Building Size:
90,000 SF
Price/Room:
$95,215.31
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
4.60%
No. Stories:
2
Year Built:
1976
Lot Size:
3.06 AC
Tax ID / APN #:
162-22-202-003, -004
Find Out More...

Last Verified 10/28/2009 Listing ID 16159386

Highlights

Located directly across from Hard Rock Hotel
Recently renovated
Frontage on both Paradise Road & Swenson Street

Minutes from the Las Vegas Strip, McCarran Airport & LV Convention Center

Description

Colliers International is pleased to present the exclusive opportunity to purchase an operating Comfort Inn & Suites Hotel ideally located within two blocks from the famed Las Vegas Strip. The Opportunity attracts significant business through the Choice Hotels franchise/reservation system and the property' s great location, just minutes from McCarran International Airport and directly across from the Hard Rock Hotel & Casino.

This income-producing Comfort Inn Hotel is located on Paradise Road, the North-South arterial between McCarran International Airport and the Las Vegas Convention Center, minutes away from the Las Vegas Strip and the University of Las Vegas. Furthermore, the property is located directly across from the popular Hard Rock Hotel, whose $760-Million expansion is scheduled for completion in late-2009.

Financial Summary

Actual
Year
2008
Scheduled Gross Income
$2,611,495
Net Operating Income
$1,191,400

Map of 4350 Paradise Road, Las Vegas, NV 89119 (Clark County)

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Presented by

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Mike Mixer (702) 735-5700

David Grant (702) 836-3785

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Created 3/23/2009

Additional Information for 4350 Paradise Road, Las Vegas, NV 89169

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - PRICE REDUCED! Comfort Inn Across from Hard Rock!

4350 Paradise Road, Las Vegas, NV, 89119