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

Hotel / Motel For Sale

McCarran Airport Distressed Motel

5100 Paradise Rd, Las Vegas, NV 89119

Price:
$8,500,000
No. Rooms:
330
Building Size:
103,488 SF
Price/Room:
$25,757.58
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Multifamily (land)
Commercial/ Other (land)
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
1.5%
Average Daily Rate:
$40
Corridor:
Yes
Lot Size:
4.85 AC
Find Out More...

Last Verified 11/19/2009 Listing ID 16449613

Description

This is a distressed Motel that has been closed down by the receiver. 330 rooms built in 1980 formerly a Howard Johnsons Hotel. Closest Hotel property to the airport, approximately 600 feet from the entrance to McCarran International Airport which is under a 2 billion dollar expansion now. Has kitchen, tavern and gaming license for 15 slot machines. Needs about $1,600,000 in rennovation and then can be flagged with an international franchise, already approved. One of a kind, we need a cash buyer to take advantage of this opportunity. Call Al Barbagallo for a personal showing and detailed package with occupancy history now!

Located at the one way entrance(Paradise Rd) to McCarran International Airport now under a 2 billion dollar expansion, the 7th busiest airport in the United States and 15th busiest in the World! Also has an entrance on the one way exit from the airport on Swenson. Approx. 1 1/2 miles to the world famous "Las Vegas Strip".

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Financial Summary

Actual
Net Operating Income
$600,000

Map of 5100 Paradise Rd, Las Vegas, NV 89119 (Clark County)

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Al Barbagallo (702) 733-7500

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Created 10/28/2009

Additional Information for 5100 Paradise Road, Las Vegas, NV 89119

Active For Sale - 2 Listings
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 - McCarran Airport Distressed Motel

5100 Paradise Rd, Las Vegas, NV, 89119