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Pinedale Inn & Suites 1424 W Pine St 82 Room Hotel Pinedale, WY 82941 $4,500,000 ($54,878/Room) 9.17% Cap Rate
INVESTMENT HIGHLIGHTS
- 82 Key Hotel
- Extended Stay Suites
- Spa
- Pool
- Restaurant Lease
EXECUTIVE SUMMARY
***Second Price Reduction!***
We're pleased to present for sale the Pinedale Hotel & Suites at 1424 W Pine St, Pinedale WY.
The Pinedale Hotel is a 82-key interior corridor hotel. The building is 42,693 SF and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more.
The property also has a 5-year lease for 1,057 SF of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space.
The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months.
Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners.
We're pleased to present for sale the Pinedale Hotel & Suites at 1424 W Pine St, Pinedale WY.
The Pinedale Hotel is a 82-key interior corridor hotel. The building is 42,693 SF and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more.
The property also has a 5-year lease for 1,057 SF of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space.
The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months.
Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Price | $4,500,000 | Lot Size | 2.31 AC |
| Price Per Room | $54,878 | Building Size | 42,693 SF |
| Sale Type | Investment | No. Rooms | 82 |
| Cap Rate | 9.17% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2005 |
| Property Subtype | Hotel | Parking Ratio | 2.11/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-1 - Commercial | ||
| Price | $4,500,000 |
| Price Per Room | $54,878 |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.31 AC |
| Building Size | 42,693 SF |
| No. Rooms | 82 |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $192.00 | - |
| Guest Room | 79 | $174.00 | - |
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PROPERTY TAXES
| Parcel Number | 02-00-10902 | Improvements Assessment | $339,034 |
| Land Assessment | $47,569 | Total Assessment | $386,603 |
PROPERTY TAXES
Parcel Number
02-00-10902
Land Assessment
$47,569
Improvements Assessment
$339,034
Total Assessment
$386,603
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Pinedale Inn & Suites | 1424 W Pine St
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