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84 Room Sleep Inn in ID

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  • melissa@fortuneco.com
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Hotel Listings

84 Room Sleep Inn in ID

Sold

84 Room Sleep Inn in ID

Listing Info
Location Info
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Listing Info

Title

84 Room Sleep Inn in ID

Occupancy

66%

ADR

$88

Average monthly Store Sales

Price

$4,950,000.00

Average Monthly Gas Sales Gallons

Rooms

84

Cap Rate

13%

Status

Sold

Room Revenue

$1,784,000

Annual Room Revenue

Annual Net Profit

$645,000

Remarks

13% CAP! 2.9 REVENUE! Sleep Inn of Post Falls is a modern and well maintained 84 room hotel perfectly located just off I-90 ramp adjacent to a major regional outlet mall serving business and recreation visitors to both the Spokane areas and Post Falls/Coeur D’Alene. The owner has recently completed PIP mandated by Choice Hotels requiring an investment of over $800,000. Nearly everything in the hotel is new, including carpets, bedding, case goods, window treatments, shower units, and granite countertops has been replaced in the last 3 years. Sleep Inn is a rare opportunity for an astute investor to buy a like new hotel property on a freeway location, with growing revenue at a reasonable price.

Title

84 Room Sleep Inn in ID

Occupancy

66%

ADR

$88

Average Monthly Store Sales

Price

$4,950,000.00

Average Monthly Gas Sales Gallons

Rooms

84

Cap Rate

13%

Status

Sold

Room Revenue

$1,784,000

Annual Room Revenue

Annual Net Profit

$645,000

Remarks

13% CAP! 2.9 REVENUE! Sleep Inn of Post Falls is a modern and well maintained 84 room hotel perfectly located just off I-90 ramp adjacent to a major regional outlet mall serving business and recreation visitors to both the Spokane areas and Post Falls/Coeur D’Alene. The owner has recently completed PIP mandated by Choice Hotels requiring an investment of over $800,000. Nearly everything in the hotel is new, including carpets, bedding, case goods, window treatments, shower units, and granite countertops has been replaced in the last 3 years. Sleep Inn is a rare opportunity for an astute investor to buy a like new hotel property on a freeway location, with growing revenue at a reasonable price.

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