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Legacy Vacation Resorts Reno 140 Court St 93 Room Hotel Reno, NV 89501 $6,000,000 ($64,516/Room)
Investment Highlights
- Value-add multifamily redevelopment opportunity.
Executive Summary
The former Legacy Vacation Resorts – Reno property represents an opportunity to acquire a 93-room former hotel property at a substantial discount to replacement cost. All 93 rooms include kitchenettes. The property was previously a timeshare facility, closing in May 2025. The property offers an indoor pool, sauna, two elevators, 3 separate parking garage areas, one commercial suite measuring approximately 1,200 square feet, two separate front desk office areas, common area deck on second floor and a manager's office area. The sale of this property will include all shares owned by the association and the legal rights of the declarant to foreclosure on the shares currently in default.
Property Facts
| Price | $6,000,000 | Building Size | 63,055 SF |
| Price Per Room | $64,516 | No. Rooms | 93 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1962 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.64 AC | ||
| Zoning | MUDR | ||
| Price | $6,000,000 |
| Price Per Room | $64,516 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 63,055 SF |
| No. Rooms | 93 |
| No. Stories | 4 |
| Year Built | 1962 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | MUDR |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Time Share
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 93 | $138.00 | - |
1 1
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 011-163-15 | Improvements Assessment | $1,196,125 |
| Land Assessment | $246,715 | Total Assessment | $1,442,840 |
Property Taxes
Parcel Number
011-163-15
Land Assessment
$246,715
Improvements Assessment
$1,196,125
Total Assessment
$1,442,840
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Legacy Vacation Resorts Reno | 140 Court St
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