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Quality Inn & Suites Meridian 1575 S Meridian Rd 81 Room Hotel Meridian, ID 83642 $5,200,000 ($64,198/Room) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility signage from I-84
- 60 Queen Rooms with 92 Beds total
- Full service breakfast area
- Outdoor swimming pool
EXECUTIVE SUMMARY
Premier Meridian Rd I-84 Interchange Opportunity Property Investment Idaho is pleased to present this 60 unit Choice Brand Hotel, with an excellent opportunity to acquire a turn-key hotel at Meridian's most prominent interstate interchange. Strategically positioned at the Meridian Road exit off I-84 with exceptional freeway visibility, this 20,880-square-foot hotel enjoys an excellent location and visibility. With 128,000 vehicles per day (2015 data) passing this high-visibility corridor, the property benefits from extraordinary exposure serving Idaho's fastest-growing city and the greater Boise Valley metropolitan area.
PROPERTY FACTS
| Price | $5,200,000 | Building Size | 21,812 SF |
| Price Per Room | $64,198 | No. Rooms | 81 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.44% | Year Built/Renovated | 1992/2018 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.67/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.59 AC | ||
| Zoning | C-G - Commercial General | ||
| Price | $5,200,000 |
| Price Per Room | $64,198 |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.59 AC |
| Building Size | 21,812 SF |
| No. Rooms | 81 |
| No. Stories | 2 |
| Year Built/Renovated | 1992/2018 |
| Tenancy | Single |
| Parking Ratio | 3.67/1,000 SF |
| Corridor | Interior |
| Zoning | C-G - Commercial General |
AMENITIES
- Controlled Access
- Pool
- Outdoor Pool
- Waterpark
- Public Access Wifi
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 21 | $124.00 | - |
| Guest Room | 60 | $96.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $8,059,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,059,200
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Quality Inn & Suites Meridian | 1575 S Meridian Rd
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