Log In/Sign Up
Your email has been sent.
Best Western Torchlite 1809 N 16th St 50 Room Hotel Wheatland, WY 82201 $2,850,000 ($57,000/Room)
Investment Highlights
- • Recently Renovated in 2024, Eligible for Auto Transfer Program
- • Located Along I-25, which sees 20,000 Vehicles Per Day
- • 10 Minutes from Laramie River Station (Large Coal Fired Power Plant)
- • Operational Upside- Owned by Out of State Absentee Owners
- • Priced at 57K/Key 2.7X RRM- Well Below Replacement Cost of 150K
- • On Site Manager Unit Included
Executive Summary
Marcus & Millichap is pleasured to present this exclusive offering of the Best Western Torchlite, a 50-room recently renovated turnkey hotel offering an exceptional opportunity to acquire a nationally branded asset well below replacement cost. Recently renovated in 2024, the property is eligible for Best Western’s Auto Transfer Program, allowing a seamless ownership transition and immediate brand continuity.
Strategically positioned along Interstate 25 with approximately 25,000 vehicles per day, the hotel benefits from strong transient demand and excellent visibility. Additional demand drivers include proximity to Laramie River Station, a major coal-fired power plant located just 10 minutes away, providing consistent corporate and extended-stay business.
The property presents significant operational upside as it is currently owned by out-of-state absentee owners, offering a hands-on investor the ability to improve margins through active management and local oversight. An on-site manager’s unit is included, supporting efficient day-to-day operations.
Offered at approximately $57,000 per key and 2.7x Room Revenue Multiplier, the hotel is priced far below estimated replacement costs of $150,000 per key, making this an attractive entry point into a stabilized, branded hospitality asset with both cash flow and value-add potential.
Please visit https://www.marcusmillichap.com/properties/194353/best-western-torchlite to access due diligence.
Broker of Record: Adam Lewis
1144 15th St
Denver, CO 80202
303-328-2000
License # RE-16571
Strategically positioned along Interstate 25 with approximately 25,000 vehicles per day, the hotel benefits from strong transient demand and excellent visibility. Additional demand drivers include proximity to Laramie River Station, a major coal-fired power plant located just 10 minutes away, providing consistent corporate and extended-stay business.
The property presents significant operational upside as it is currently owned by out-of-state absentee owners, offering a hands-on investor the ability to improve margins through active management and local oversight. An on-site manager’s unit is included, supporting efficient day-to-day operations.
Offered at approximately $57,000 per key and 2.7x Room Revenue Multiplier, the hotel is priced far below estimated replacement costs of $150,000 per key, making this an attractive entry point into a stabilized, branded hospitality asset with both cash flow and value-add potential.
Please visit https://www.marcusmillichap.com/properties/194353/best-western-torchlite to access due diligence.
Broker of Record: Adam Lewis
1144 15th St
Denver, CO 80202
303-328-2000
License # RE-16571
Data Room Click Here to Access
Property Facts
| Price | $2,850,000 | Building Size | 19,248 SF |
| Price Per Room | $57,000 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1976/2024 |
| Property Subtype | Hotel | Parking Ratio | 3.22/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.54 AC | Opportunity Zone |
Yes
|
| Zoning | CS - General Business, Highway Commercial | ||
| Price | $2,850,000 |
| Price Per Room | $57,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 19,248 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2024 |
| Parking Ratio | 3.22/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | CS - General Business, Highway Commercial |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $114.00 | - |
1 1
Property Taxes
| Parcel Number | R0001662 | Improvements Assessment | $166,114 |
| Land Assessment | $1,951 | Total Assessment | $168,065 |
Property Taxes
Parcel Number
R0001662
Land Assessment
$1,951
Improvements Assessment
$166,114
Total Assessment
$168,065
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Best Western Torchlite | 1809 N 16th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.