Title
76 Rm La Quinta Inn&Suites ID
Occupancy
68%
ADR
$96
Average monthly Store Sales
Price
$6,950,000.00
Average Monthly Gas Sales Gallons
Rooms
76
Cap Rate
8.6%
Status
Sold
Room Revenue
$1,709,300
Annual Room Revenue
Annual Net Profit
$627,000
Remarks
This La Quinta Inn & Suites is located between the two bustling college towns of Pullman, Washington, which is home to Washington State University (enrollment 27,000) and Moscow, Idaho where University of Idaho (enrollment 12,000) is located. These major universities constantly draw visitors from all over the country and ensure local hospitality properties achieve high occupancy, ADR, and room revenue year round. The La Quinta is one of the nicest hotels in the area; the owners are constantly upgrading and make it a priority to stay ahead of franchise mandated PIP requirements. The 200 new hotel units that come online in the last two years in the Pullman-Moscow market have had only a modest impact on the La Quinta but virtually ensure that there will be no new completion in the near future. The hotel`s amenities include;Pillowtop Beds• Business Center • Indoor Swimming Pool • Fitness Center • Guest Laundry Facilities and Meeting Facilities.