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

Hotel / Motel For Sale

Emerald Suites Portfolio

9145 Las Vegas Blvd. South, Las Vegas, NV 89123

Price:
$41,200,000
No. Rooms:
483
Building Size:
269,392 SF
Price/Room:
$85,300.21
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Full Service
Garden/Low-Rise
Assisted Living Residences
Property Use Type:
Investment
Commission Split:
0.75%
Average Daily Rate:
$40
Average Occupancy:
50%
No. Stories:
3
Year Built:
2000
Corridor:
Yes
Lot Size:
10.05 AC
Find Out More...

Last Verified 11/18/2009 Listing ID 16364327

Highlights

Multiple Uses.
Excellent Locations
Value Added Opportunites

High Density Residential
Great Exposure
Las Vegas Hospitality or Apartments

Description

MAJOR PRICE REDUCTION TO $85,300/unit! Strong locations on or near the "Las Vegas Strip" for this 2 property portfolio consisting of a total 483 fully furnished rooms. The Las Vegas Blvd. South location has 387 rooms and the 4777 Cameron Street location has 96 rooms. These properties were built to condo specifications so the uses are versitile. They can be used as a motel, apartment complex, assisted living facility, time shares, condominiums for sale or extended stay motel. Both properties are considered "Class A" construction and locations. Both properties are meticulously maintained by the owner attending to every detail. Possible terms may be considered based on the buyer's financial capabilities. Please call for a detailed package which includes actual financial data and proforma for apartment and motel use.

The Las Vegas Blvd. location is on the world famous "Las Vegas Strip" and the Cameron location is 1 mile from the Las Vegas Blvd. Both are superior locations with easy access to all of the major hotel casinos.

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Map of 9145 Las Vegas Blvd. South, Las Vegas, NV 89123 (Clark County)

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Al Barbagallo (702) 733-7500

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Created 8/20/2009

Additional Information for 9145 Las Vegas Boulevard S, Las Vegas, NV 89123

Active For Sale - 3 Listings
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
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.

Comparable Properties for 9145 Las Vegas Blvd. South, Las Vegas, NV 89123

Nearby Hotel & Motel properties for saleSearch all commercial real estate for sale

Emerald Suites
$41,200,000
Emerald Suites 387 Units
$33,011,000

Nearby Recently Sold Hotel & Motel propertiesSearch all recently sold commercial real estate

Economy/Limited Service
Sold 2Q 2005

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 - Emerald Suites Portfolio

9145 Las Vegas Blvd. South, Las Vegas, NV, 89123