1205 W Highway 40 | Vernal, UT 84078
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- LoopNet Team
1205 W Highway 40
Vernal, UT 84078
SpringHill Suites Vernal · Hospitality Property For Sale · 60,000 SF
Investment Highlights
- Well-maintained, lender-owned Springhill Suites with 2018 renovations including new carpet, wall vinyl, soft seating, lighting, and mattresses.
- Unencumbered by management, a new owner has the flexibility to maximize the property's revenue potential and enhance operating margins.
- Current trailing 12-month revenue is over $2.3 million, and the hotel consistently outperforms the competitive set in terms of RevPAR.
- Discount to replacement cost, and upon completion of a moderate PIP, a new buyer will benefit from a long-term Marriott license.
- All guest rooms are considered suites with their expansive sizes, and there are two one-bedroom suites and five king suites offering additional SF.
- Located near major demand generators in the area including Dinosaur National Monument, McConkie Ranch Petroglyphs, and American Gilsonite Company.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2009/2018 |
| Building Class | B | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 1.70 AC | Corridor | Interior |
| Building Size | 60,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.70 AC |
| Building Size | 60,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2018 |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Retail
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
PROPERTY TAXES
| Parcel Number | 05-012-0112 | Improvements Assessment | $3,507,953 |
| Land Assessment | $557,750 | Total Assessment | $4,065,703 |
PROPERTY TAXES
Parcel Number
05-012-0112
Land Assessment
$557,750
Improvements Assessment
$3,507,953
Total Assessment
$4,065,703
zoning
| Zoning Code | CP2 (Planned Commercial Zone) |
| CP2 (Planned Commercial Zone) |
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