315-569-1227
476 Holiday Dr, Rutland, VT for Sale
Hospitality - FOR SALE
1/4
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476 Holiday Dr
Rutland, VT 05701


HIGHLIGHTS

  • Ideal for conversion to residential
  • Excess land for development
  • Indoor pool, fitness center, restaurant, lounge and large meeting and banquet space
  • Seller financing available
  • Candidate for Hilton brand
  • Strong demand in market area AAA location

OVERVIEW

150 room hotel with 14 acres , one of the best locations in southern Vermont, property includes indoor pool , fitness center, banquet and meeting space , public water and sewer. The hotel was built as an Holiday Inn and operated as one for over 40 years . Most recently it was used for long term rentals and needs to be repositioned and renovated. The hotel is a candidate for a Hilton Brand subject to a property improvement plan estimated at $18k per room . The demand is strong in Rutland, with limited supply of hotel rooms. Revenue potential is $4.5 M based on STR reports.

FOR SALE DETAILS

PRICE

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# OF ROOMS

150

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

150 room hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

354

LAND DETAILS

LAND ACRES

14.74 AC

LAND SF

642,074 SF

ZONING

Commercial

APN/PARCEL ID

543-171-10047

ASK ABOUT THIS PROPERTY

John ChristopherJohn P ChristopherMore Info
315-569-1227

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John ChristopherJohn P ChristopherMore Info
315-569-1227

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