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Evanston Inn 261 Bear River Dr 99 Room Hotel Evanston, WY 82930 $2,900,000 ($29,293/Room)

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INVESTMENT HIGHLIGHTS

  • Turnkey Extended Stay operation
  • Expansive rear parking lot
  • New guest laundry machines
  • 50 newly installed kitchenettes | Big fridges in every room
  • $4 Billion TerraPower nuclear power project in Kemmerer

EXECUTIVE SUMMARY

FOR SALE: Evanston Extended Stay – Prime 99-Room Investment Opportunity in Evanston, WY
Welcome to the Evanston Extended Stay, a 99-room, all-brick, independent extended stay motel strategically located at 261 Bear River Dr, Evanston, WY 82930. This well-positioned property is one of the first lodging options travelers see when entering Evanston from the west on I-80 — giving it unmatched visibility and curb appeal.
Just 85 miles from Salt Lake City, Evanston is a growing hub for travelers, workers, and regional visitors. With Wyoming’s pro-business climate and Evanston’s extreme proximity to Utah (15 minutes from the border), this property presents an exciting investment opportunity without the burden of a franchise, giving you full operational freedom.
Directly adjacent to the property is a busy Pilot Travel Center, a major hub where many semis stop daily. With easy off-ramp access, high visibility from the interstate, and immediate adjacency to a truck stop, the property is ideally positioned to capture a built-in customer base for overnight stops and workforce housing.
Property Highlights:
99 total rooms, including 50 of them upgraded with kitchenettes — ideal for extended stay guests and workforce housing.
All-brick construction for long-term durability and reduced maintenance.
The first lodging option off of I-80, directly adjacent to a busy Pilot Travel Center.
Large refrigerators in every room, Smart TVs, and new furnishings throughout much of the property.
New guest laundry machines installed with digital payment options.
Many new PTAC units with a history of routine servicing.
Expansive rear parking lot with potential for additional development or RV/truck parking.
Large courtyard featuring a spacious grass area and a guest pavilion — offering a unique amenity for relaxation, cookouts, or extended-stay comfort.
Located near local businesses including Walmart, Taco Time, Jalisco Restaurant, Loaf ‘N Jug, and Walgreens — perfect for guest convenience.
Why Evanston?
Evanston is a city with real momentum. Its key economic drivers include:
Energy & Infrastructure: Just 60 miles northeast is Kemmerer, WY, home to the groundbreaking $4 Billion TerraPower nuclear power project, which is expected to bring thousands of skilled workers and contractors to the region.
Tourism & Events: The historic horse races at the Uinta County Fairgrounds attract thousands every summer, boosting seasonal lodging demand.
Transportation: Positioned directly along the I-80, Evanston is a major rest and refuel point between Salt Lake City and the rest of the West.
Outdoor Recreation: Proximity to Bear River State Park, the Uinta Mountains, and Flaming Gorge make this a year-round destination for travelers, hunters, and outdoor enthusiasts.
Investment Highlights:
No franchise obligations – set your own rates, branding, and operations.
Strong extended stay potential – ideal for workforce housing tied to local construction, energy, and rail sectors.
Wyoming tax advantages – no state income tax and a business-friendly regulatory environment.
High visibility and easy access – direct off-ramp exposure for westbound I-80 traffic.
This is more than a property – it’s a turnkey opportunity to own a cornerstone asset in a community on the rise. Whether you’re looking to operate independently, expand a portfolio, or capitalize on Wyoming’s growth, the Evanston Extended Stay offers location, infrastructure, and value.
Contact us today to learn more or schedule a private showing.

ATTACHMENTS

Evanston OM 2025

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $2,900,000
Price Per Room $29,293
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.40 AC
Building Size 36,552 SF
No. Rooms 99
No. Stories 2
Year Built/Renovated 1981/2022
Parking Ratio 2.49/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning C - Commercial

AMENITIES

  • Pool
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 99 $45.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15202220000900
Land Assessment
$14,216
Improvements Assessment
$206,401
Total Assessment
$220,617
  • Listing ID: 36872151

  • Date on Market: 7/22/2025

  • Last Updated:

  • Address: 261 Bear River Dr, Evanston, WY 82930

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