Overview

Description

Americas Best Value Inn Salmon is a 40-key, exterior corridor economy hotel near downtown Salmon, Idaho. This hotel has recently been converted to an Americas Best Value Inn and includes a 5-bedroom rental house on the same parcel. The hotel has an on-site Owner’s/Manager’s Quarters with 2 Bedrooms, 1 Bathroom, and a full kitchen.

The property features a lobby, indoor pool, spa, guest laundry, and vending machines. The room mix includes a variety of Queen Single, Queen Double, King Single, and King Accessible rooms. Room amenities include a flat-screen TV, coffee maker, refrigerator, microwave, and wireless internet (WiFi).

Along with the sale of Americas Best Value Inn Salmon/Rental House, there is the opportunity to add on a 6 bedroom/2 shared bathroom rental unit as well as a restaurant. Both the restaurant and the rental unit are located near the hotel. These add-on opportunities may be purchased with the hotel/rental house but will not be available separately. The additional rental unit and restaurant allow for economies of scale with experienced management.

Location:

Salmon, Idaho, is a scenic mountain town with rustic origins in mining, lumbering, and family ranching. Over the years, it has evolved into a vibrant collection of art galleries, museums, restaurants, and a community of outdoor enthusiasts. Known as the gateway to some of the last wild river systems in America, the area around Salmon, Idaho, is full of beautiful trails, winding rivers, and soothing hot springs that draw tourists from around the world. The Lemhi County Airport provides easy travel access directly to Salmon. The city is also an easy drive from major metropolitan areas, located just 3.5 hours from Helena, Montana, and 5 hours from Boise, Idaho.

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Highlights

• 11.98% Cap Rate, 33.51% ROI, & 4.77 GRM
• Seller Financing Available
• 15% Down Payment
• Ideal Highway Access & Visibility
• Centrally Located Downtown
• Add-On Business Opportunities
• On-Site Owner's Quarters
• Strong National Franchise

Documents

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