Luxury Inn 1805 Westland Rd 32 Room Hotel Cheyenne, WY 82001 $1,750,000 ($54,688/Room) 10.51% Cap Rate
INVESTMENT HIGHLIGHTS
- 2- Story Indoor Corridor Independent Hotel
- Ample parking with carport entry provide extra convenience for the quests
- 3 year Average NOI is $226,800 ( 12.60% CAP).
- 32 motel rooms including one accessible room plus, manager suite
- PTAC system in each room
EXECUTIVE SUMMARY
Rare 2-story independent hotel, built in 1985. Absentee owner business for the last four years. 32 motel rooms with tiled entry and hard surface flooring give a clean look, and each room is on a PTAC system and has a ceiling fan. The manager's suite has one bed. one bath, a kitchen, and a living room, and it is conveniently connected to the front desk. A carport and the extra lot for truck parking add value to the property, which is less than three minutes from I-25 and downtown Cheyenne. The City of Cheyenne is a transportation hub where I-25 and I-80 meet. The capital city of Wyoming is the # 1 place for retirement, and a great Western spirit is alive in this charming city.
Notably, the hotel is situated near a railway, but trains pass by infrequently and without causing any disturbance to guests. Don't miss this incredible opportunity to own a piece of Cheyenne's thriving hospitality industry!
Notably, the hotel is situated near a railway, but trains pass by infrequently and without causing any disturbance to guests. Don't miss this incredible opportunity to own a piece of Cheyenne's thriving hospitality industry!
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 32 | $45.00 | - |
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PROPERTY TAXES
| Parcel Number | 1-9240-0004-0006-0 | Improvements Assessment | $64,057 |
| Land Assessment | $26,899 | Total Assessment | $90,956 |
