Vernal Best Value Inn 260 W Main St 42 Room Hotel Vernal, UT 84078 $2,430,000 ($57,857/Room)
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity at Verna's Best Value Inn in Vernal, Utah, soon to become a Wyndham Hotel-Howard Johnson. Enjoy $60,000 in key money and minimal PIP requirements, ensuring a smooth transition.
Benefit from Vernal City’s zoning incentives, offering a 40% reimbursement of exterior improvements up to $100,000. With no new hotel construction in the pipeline, this property stands out in a growing market. Take advantage of brand recognition and Wyndham's support to maximize your investment.
Benefit from Vernal City’s zoning incentives, offering a 40% reimbursement of exterior improvements up to $100,000. With no new hotel construction in the pipeline, this property stands out in a growing market. Take advantage of brand recognition and Wyndham's support to maximize your investment.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $2,430,000 |
| Price Per Room | $57,857 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.76 AC |
| Building Size | 17,531 SF |
| No. Rooms | 42 |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 42 | $78.00 | - |
PROPERTY TAXES
| Parcel Number | 05-023-0161 | Improvements Assessment | $143,219 |
| Land Assessment | $300,534 | Total Assessment | $443,753 |
