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3045 S Maryland Pky
Las Vegas, NV 89109
MainStay Suites Las Vegas Convention Center · Hospitality Property For Sale
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57,297 SF
Investment Highlights
- Pandemic resilient asset – +22% NOI Flowthrough in YE 2020; +32% NOI flow through in 2019
- Upside potential for continued growth strategy and utilizing the existing progress to significantly increase potential ROI – sub 100% RevPAR penetrati
- Offered fully unencumbered of flag, management and debt - flexibility in terms of rebranding the asset to a new flag/brand
- Strong rebound post-Covid – current TTM Total Revenue and NOI have surpassed historical highs
- Extended stay model proximate to the Las Vegas Strip and Vegas’ top demand generators
- $13 billion in construction planned for the city through new and redevelopments
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2015 |
| Building Class | B | Parking Ratio | 2.36/1,000 SF |
| Lot Size | 2.35 AC | Corridor | Interior |
| Building Size | 57,297 SF | ||
| Zoning | C2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.35 AC |
| Building Size | 57,297 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2015 |
| Parking Ratio | 2.36/1,000 SF |
| Corridor | Interior |
| Zoning | C2 |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Property Taxes
| Parcel Number | 162-10-703-006 | Improvements Assessment | $1,700,644 |
| Land Assessment | $501,593 | Total Assessment | $2,202,238 |
Property Taxes
Parcel Number
162-10-703-006
Land Assessment
$501,593
Improvements Assessment
$1,700,644
Total Assessment
$2,202,238
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