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1508 S Las Vegas Blvd
Las Vegas, NV 89104
TOD Hotel on the LV Strip · Hospitality Property For Sale
·
108 Rooms
EXECUTIVE SUMMARY
Centennial Advisers is pleased to present the Tod Motor Inn, a 41-room hotel opportunity offered at $9,000,000, or an attractive $219,512 per room. This asset is
strategically located on Las Vegas Boulevard, placing it directly in the path of The Arts District’s rapid cultural and economic transformation, offering investors a prime
position in a dynamic redevelopment corridor.
The property presents significant revenue potential, with pro forma analysis indicating a potential gross annual income of $854,400 by achieving market rates
of $400 per week. Investors have the flexibility to acquire the property turnkey for immediate cash flow or as-is, allowing for a custom value-add repositioning to
capture the area's increasingly upscale demographic.
The investment is underpinned by $150 million in recent public infrastructure spending, including the $120M Las Vegas Boulevard Improvement Project. This
modernization effort has delivered smart city infrastructure, enhanced pedestrian access, and beautification, directly supporting long-term asset appreciation and
increased commercial viability for the entire district.
The Tod Motor Inn represents a rare opportunity to acquire a hospitality asset poised to benefit from an emerging entertainment ecosystem, including new venues like
Atomic Golf. This property offers investors exposure to Las Vegas's most authentic district with significant upside through renovation and strategic management,
capitalizing on unprecedented local investment.
strategically located on Las Vegas Boulevard, placing it directly in the path of The Arts District’s rapid cultural and economic transformation, offering investors a prime
position in a dynamic redevelopment corridor.
The property presents significant revenue potential, with pro forma analysis indicating a potential gross annual income of $854,400 by achieving market rates
of $400 per week. Investors have the flexibility to acquire the property turnkey for immediate cash flow or as-is, allowing for a custom value-add repositioning to
capture the area's increasingly upscale demographic.
The investment is underpinned by $150 million in recent public infrastructure spending, including the $120M Las Vegas Boulevard Improvement Project. This
modernization effort has delivered smart city infrastructure, enhanced pedestrian access, and beautification, directly supporting long-term asset appreciation and
increased commercial viability for the entire district.
The Tod Motor Inn represents a rare opportunity to acquire a hospitality asset poised to benefit from an emerging entertainment ecosystem, including new venues like
Atomic Golf. This property offers investors exposure to Las Vegas's most authentic district with significant upside through renovation and strategic management,
capitalizing on unprecedented local investment.
PROPERTY FACTS
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 108 | $23.00 | - |
PROPERTY TAXES
| Parcel Number | 162-03-210-063 | Improvements Assessment | $220,178 |
| Land Assessment | $215,250 | Total Assessment | $435,428 |
PROPERTY TAXES
Parcel Number
162-03-210-063
Land Assessment
$215,250
Improvements Assessment
$220,178
Total Assessment
$435,428
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