Bisbee Grand Hotel | 61 Main St
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Bisbee Grand Hotel 61 Main St
13 Room Hotel Bisbee, AZ 85603 $2,750,000 ($211,538/Room)
Executive Summary
The Historic Bisbee Grand Hotel, is a charming 13 room hotel including 5 large suites with a bar/restaurant establishment that marries the allure of history with timeless live entertainment. Rarely does a property blend historical significance, modern amenities, and live entertainment as harmoniously as the Historic Bisbee Grand Hotel. Situated in the heart of downtown Bisbee, this investment offers not only the chance to own a piece of history but also to partake in Bisbee's thriving tourism industry. The hotel is a well-established and successful operation, generating a steady stream of revenue from room bookings, dining, drinks and live entertainment. A new owner can seamlessly step into this turnkey venture and capitalize on its existing reputation and customer base.
Potential Buyers/Agents: Must provide proof of funds/financial statement prior to viewing property and also sign NDA prior to seller providing financial reports. Please do not contact the Sellers, Manager or Employees, all questions to be directed to Listing Agents.
Recent Upgrades:
Exterior Upgrades:
Back patio made into lounge area
Interior Upgrades:
Kitchen
-3 new upright coolers
-New oven
-New reach in cooler
-New sinks
-New flooring
Bathrooms
-Totally remodeled women’s bathroom ($15k)
Bar
-New keg coolers
-New upright coolers
-New reach in coolers
Stage/Dining Room
-Brand new stage and sound system
-Murals
Hotel
-New HVAC
-New washer/dryers for linens
-Upgraded housekeeping closet
-Upgraded maintenance closet
-Upgraded 6 of 13 hotel rooms
-Includes bathroom
Storefront suites
-Upgraded bathrooms
Bill of Sale
-All furniture and fixtures included
Staffing
-All new staff and management
-Restaurant is under operations for hotel
Marketing
-New website
-Social media manager (in house)
-Upgraded reservations system
Technical
-Square POS
-Consultant for alcohol inventory
Subcontractors
-Mission Linens
-Pest Control
-Bookkeeper/Payroll
Entertainment
-In house booking manager
-Event calendar until Winter 2023
Hotel booking
-Reservations until Winter 2023
90 days of transition training for owner/operators
Potential Buyers/Agents: Must provide proof of funds/financial statement prior to viewing property and also sign NDA prior to seller providing financial reports. Please do not contact the Sellers, Manager or Employees, all questions to be directed to Listing Agents.
Recent Upgrades:
Exterior Upgrades:
Back patio made into lounge area
Interior Upgrades:
Kitchen
-3 new upright coolers
-New oven
-New reach in cooler
-New sinks
-New flooring
Bathrooms
-Totally remodeled women’s bathroom ($15k)
Bar
-New keg coolers
-New upright coolers
-New reach in coolers
Stage/Dining Room
-Brand new stage and sound system
-Murals
Hotel
-New HVAC
-New washer/dryers for linens
-Upgraded housekeeping closet
-Upgraded maintenance closet
-Upgraded 6 of 13 hotel rooms
-Includes bathroom
Storefront suites
-Upgraded bathrooms
Bill of Sale
-All furniture and fixtures included
Staffing
-All new staff and management
-Restaurant is under operations for hotel
Marketing
-New website
-Social media manager (in house)
-Upgraded reservations system
Technical
-Square POS
-Consultant for alcohol inventory
Subcontractors
-Mission Linens
-Pest Control
-Bookkeeper/Payroll
Entertainment
-In house booking manager
-Event calendar until Winter 2023
Hotel booking
-Reservations until Winter 2023
90 days of transition training for owner/operators
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,750,000 | Lot Size | 0.15 AC |
| Price Per Room | $211,538 | Building Size | 8,311 SF |
| Sale Type | Investment | No. Rooms | 13 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1906/2008 |
| Building Class | B | Corridor | Interior |
| Price | $2,750,000 |
| Price Per Room | $211,538 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 8,311 SF |
| No. Rooms | 13 |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2008 |
| Corridor | Interior |
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $232.00 | - |
| Guest Room | 8 | $169.00 | - |
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PROPERTY TAXES
| Parcel Number | 103-62-005 | Improvements Assessment | $82,432 (2024) |
| Land Assessment | $8,451 (2024) | Total Assessment | $90,883 (2024) |
PROPERTY TAXES
Parcel Number
103-62-005
Land Assessment
$8,451 (2024)
Improvements Assessment
$82,432 (2024)
Total Assessment
$90,883 (2024)
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Bisbee Grand Hotel | 61 Main St
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