1735 Westland Rd - Hospitality FOR SALE


Cheyenne, WY 82001
$6,000,000 USD
1735 Westland Rd, Cheyenne, WY for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

1735 Westland Rd
Cheyenne, WY 82001


HIGHLIGHTS

  • 2 Story Choice franchised hotel offered at $55,046 per room
  • Ideally located off Interstate 25 which sees nearly 24,000 vehicle per day
  • Rare opportunity to acquire in a primary market with immense upside potential
  • Undergoing renovation of $800K including new paint, breakfast room, furniture etc
  • 2.6 Miles from Cheyenne Frontier Day Museum which attracts 250,000 attendees annually
  • Close proximity to business demand & local attractions including F.E. Warren Air Force Base, Wyoming State Capitol, Cheyenne Depot Museum & More

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for sale, the Park Inn by Radisson Cheyenne formerly a Motel 6 property. This property is a 2-story, exterior corridor hotel with 109 rooms, ideally located off major Interstate 25 and 80, with easy access for transient travelers and great visibility, as well as convenient access to Cheyenne's top attractions. Enjoy amenities such as; pet-friendly options, complimentary breakfast and a seasonal swimming pool. The property is also located just 3.7 miles away from the Cheyenne Regional Airport, and close to great attractions such as Cheyenne Frontier Days, Cheyenne Ice & Event Center, Terry Bison Ranch Resort, and the Historic Downtown Cheyenne.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$178 USD /SF

# OF ROOMS

109

PRICE/ROOM

$55,046 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Inn by Radisson, Cheyenne

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

93

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,897 SF

ZONING

CB

APN/PARCEL ID

1-9240-0004-0007-0

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