1399 Bench Rd
Pocatello, ID 83201
Grand Idaho Inn and Suites · Hospitality Property For Sale · 109,093 SF

Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Clarion Inn Pocatello. The 196-room hotel recently renovated in 2016 and 2018, features eight meeting spaces, a banquet hall, a conference center, a Tesla Supercharger, and value-add opportunity to add 96 additional rooms or a new hotel on site. Additional revenue is generated from the nearby college, Idaho State University, who frequently host events and meetings at the hotel's conference center. The Clarion Inn Pocatello, sitting on eight acres of land, is being offered for sale for $7,580,000 or $38,673 per key. Priced with a capitalization rate of 7.50% or 3.98 times 2017's year-end room revenue, this hotel offers significant upside potential for a new investor. Recent renovations over the past year have reduced the PIP requirements for a new owner. Seller finance may be an option.