415 Cedar St
Sandpoint, ID 83864
La Quinta Inn - IN CONTRACT · Hospitality Property For Sale · 40,392 SF

IN CONTRACT - This property is currently in contract, the seller will consider offers in backup position only. 11.02% Cap Rate, 22.52% ROI & 3.37 GRM Midscale Franchise Hotel in Premier Resort Destination The La Quinta Inn & Suites is a 68 key select service franchised midscale hotel with both interior and exterior corridor buildings. The property features a large front desk area with fireplace, gift shop, fitness center, indoor spa, and seasonal outdoor swimming pool. Guest room mix includes a selection of Queen and King rooms, kitchenette and spa suites, family-friendly rooms, and ADA rooms. Amenities include in-room mini-refrigerator, microwave, television, and high-speed internet (WiFi). Property has over $240,000 in recent capital improvements and consists of 3 buildings and a leased restaurant on over 1.16 acres in a highly desirable central location. Ideally situated in the heart of downtown Sandpoint, visitors are within walking distance to many unique shops, art galleries, great restaurants, and scenic Lake Pend Oreille. Location: Sandpoint was named the “most beautiful town in America” by USA Today and Rand McNally. Surrounded by three mountain ranges and set on the shores of 43-mile-long Lake Pend Oreille, Sandpoint provides visitors with both peaceful relaxation and exciting outdoor recreation. The town’s historic downtown area is home to numerous art galleries and artist studios, clothing shops, sports outfitters and restaurants. Visitors appreciate mountain scenery, watch for wildlife and indulge in year-round outdoor adventures including hiking, biking, boating, fishing, skiing, and snowboarding.