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Econo Lodge - 3.15x Gross Revenue Multiplier 1801 E Cedar St 131 Room Hotel Rawlins, WY 82301 $3,750,000 ($28,626/Room) 6.71% Cap Rate
INVESTMENT HIGHLIGHTS
- 131-Rooms in Tourist Market
- 45 minutes from the Wyoming Red Desert
- 3.15x Gross Revenue Multiplier
- Less than an hour away from Medicine Bow National Forest
- Consistent Revenues
EXECUTIVE SUMMARY
• 131-R ooms in Tourist Market
• Less than an hour away from Medicine Bow National Forest
• 45 minutes from the Wyoming Red Desert
• Consistent Revenues
• 3.15x Gross Revenue Multiplier
CHOICE HOTELS
Choice Hotels International is a hospitality company that owns and operates several hotel brands, including EconoLodge. It was founded in 1939 by seven Florida-based motel owners and is headquartered in Rockville, Maryland, USA. Choice Hotels International operates in the lodging and hospitality industry, providing a wide range of accommodation options for travelers, including economy, mid-scale, and upscale hotels. Choice Hotels International is a publicly traded company and is one of the largest hotel franchisors in the world, with thousands of hotels across over 40 countries.
• Less than an hour away from Medicine Bow National Forest
• 45 minutes from the Wyoming Red Desert
• Consistent Revenues
• 3.15x Gross Revenue Multiplier
CHOICE HOTELS
Choice Hotels International is a hospitality company that owns and operates several hotel brands, including EconoLodge. It was founded in 1939 by seven Florida-based motel owners and is headquartered in Rockville, Maryland, USA. Choice Hotels International operates in the lodging and hospitality industry, providing a wide range of accommodation options for travelers, including economy, mid-scale, and upscale hotels. Choice Hotels International is a publicly traded company and is one of the largest hotel franchisors in the world, with thousands of hotels across over 40 countries.
PROPERTY FACTS
| Price | $3,750,000 | Building Size | 64,469 SF |
| Price Per Room | $28,626 | No. Rooms | 131 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.71% | Year Built/Renovated | 1972/2008 |
| Property Type | Hospitality | Parking Ratio | 2.03/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.74 AC | ||
| Zoning | C-2 | ||
| Price | $3,750,000 |
| Price Per Room | $28,626 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.74 AC |
| Building Size | 64,469 SF |
| No. Rooms | 131 |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2008 |
| Parking Ratio | 2.03/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 131 | $72.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 21871611200100 | Improvements Assessment | $462,458 |
| Land Assessment | $13,883 | Total Assessment | $476,341 |
PROPERTY TAXES
Parcel Number
21871611200100
Land Assessment
$13,883
Improvements Assessment
$462,458
Total Assessment
$476,341
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Econo Lodge - 3.15x Gross Revenue Multiplier | 1801 E Cedar St
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