1550 E Flamingo Rd | Las Vegas, NV 89119
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- LoopNet Team
1550 E Flamingo Rd
Las Vegas, NV 89119
MainStay Suites Las Vegas East Flamingo · Hospitality Property For Sale
·
64,650 SF
INVESTMENT HIGHLIGHTS
- Pandemic resilient asset – +38% NOI Flowthrough in YE 2020; +45% NOI flowthrough in 2019
- Upside potential for continued growth strategy and utilizing the existing progress to significantly increase potential ROI – 87.6% RevPAR penetration
- Offered fully unencumbered of flag, management and debt - flexibility in terms of rebranding the asset to a new flag/brand
- Strong rebound post-Covid – current TTM Total Revenue and NOI have surpassed historical highs
- Extended stay model proximate to the Las Vegas Strip and Vegas’ top demand generators
- $13 billion in construction planned for the city through new and redevelopments
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2004 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.46 AC | Parking Ratio | 1.6/1,000 SF |
| Building Size | 64,650 SF | Corridor | Interior |
| Zoning | CM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.46 AC |
| Building Size | 64,650 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2004 |
| Tenancy | Single |
| Parking Ratio | 1.6/1,000 SF |
| Corridor | Interior |
| Zoning | CM |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 162-14-403-005 | Improvements Assessment | $1,738,606 |
| Land Assessment | $431,311 | Total Assessment | $2,169,917 |
PROPERTY TAXES
Parcel Number
162-14-403-005
Land Assessment
$431,311
Improvements Assessment
$1,738,606
Total Assessment
$2,169,917
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