1054 W Pine St - Hospitality FOR SALE


Pinedale, WY 82941
$2,400,000 USD
801-884-8816
1054 W Pine St, Pinedale, WY for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/52
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1054 W Pine St
Pinedale, WY 82941


OVERVIEW

Welcome to the Quality Inn & Suites in the charming town of Pinedale, Wyoming, an exceptional investment opportunity nestled in the heart of the stunning Wind River Mountain Range. Built in 2001 and recently updated with a full furniture, fixtures, and equipment (FFE) renovation in 2023, this 24,764 square foot property boasts 43 well-appointed rooms, providing a lucrative investment opportunity in the thriving hospitality market of Pinedale. Situated on a prime location with 45 parking spaces and zoned for C-1. Positioned amidst the natural beauty of Wyoming's outdoors, this hotel serves as an ideal retreat for travelers exploring the nearby Bridger-Teton National Forest, Fremont Lake, and the Museum of the Mountain Man. Its strategic location also offers easy access to popular outdoor recreation, dining, and shopping destinations, ensuring consistent occupancy and revenue streams. The Quality Inn has been approved by IHG for their Garner Brand! The Garner brand is a midscale hotel option that focuses on delivering affordable, high-quality stays. Some Key Features of the Garner Brand: • Amenities: Complimentary Wi-Fi, a hot breakfast, 24/7 coffee service, all-day snacks, a “Make It Yours” breakfast bar, a warm reception, and a daily cookie happy hour. • Convenient Locations: Garner hotels are strategically located for easy access and comfort. • Pet-Friendly: • Loyalty Program: Garner guests can earn and redeem points through the IHG One Rewards program, which offers benefits like late check-out and Food & Beverage rewards. Some Additional Information: • Conversion Brand: As a conversion brand, IHG collaborates with hotel owners to enhance their properties and successfully transition them into Garner hotels. • Global Expansion: Garner is rapidly expanding worldwide, with the first hotel in Türkiye and a planned opening in Japan in 2024. Direct Booking Benefits: Eliminate the fees associated with third-party sites like Expedia and Booking.com by booking directly through IHG’s website. There is opportunity for increased revenue with the IHG, Garner Brand.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$97 USD /SF

# OF ROOMS

43

PRICE/ROOM

$55,814 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Pinedale

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2001

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C-1

APN/PARCEL ID

02-00-15634

ASK ABOUT THIS PROPERTY

Sheri OsborneApex Commercial - KW South Valley Keller WilliamsMore Info
801-884-8816

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Sheri OsborneApex Commercial - KW South Valley Keller WilliamsMore Info
801-884-8816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.