Price Reduced - HIGH RevPAR Growth Market, High Barriers to Entry.
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space.
The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs.
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438