This Hospitality Property is no longer advertised on LoopNet.com.

1515 W Highway 40
Vernal, UT 84078
 Holiday Inn Express · Hospitality Property For Sale · 45,183 SF

Hotels Utah Vernal 1515 W Highway 40, Vernal, UT 84078

INVESTMENT HIGHLIGHTS

  • Lender-Owned Property – The hotel would benefit from a new owner with a more hands-on approach to operations.
  • Current Strong Trailing 12 Month RevPAR – The hotel’s RevPAR is up more than 65% on the February STR.
  • An investment in property improvements would maintain the hotel’s competitiveness in the market and leverage top-line performance.
  • Flexibility to acquire the hotel unencumbered of management, allowing for a business plan to maximize the property’s revenue potential.
  • Holiday Inn Express & Suites Franchise Available – Upon completion of a PIP, a new buyer will benefit from a long-term IHG license.
  • Discount to Replacement Cost – The hotel is offered at below current costs for replacement.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.00 AC
Building Size 45,183 SF
No. Stories 3
Year Built 2007
Parking Ratio 1.66/1,000 SF
Corridor Interior
Zoning C

AMENITIES

  • Business Center
  • Fitness Center
  • Pool

LINKS

PROPERTY TAXES

Parcel Number 05-067-0022 Improvements Assessment $2,701,136
Land Assessment $570,481 Total Assessment $3,271,617
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  • Listing ID: 25453158

  • Date on Market: 4/12/2022

  • Last Updated:

  • Address: 1515 W Highway 40, Vernal, UT 84078

More public record information on 1515 W Highway 40, Vernal, UT 84078

The Hospitality Property at 1515 W Highway 40, Vernal, UT 84078 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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