Grand Idaho Inn & Suites

Highlights:

• $850K+ in Recent Capital Improvements & Renovations
• ~$100K in Upcoming Capital Improvements (Stucco & Exterior)
• Situated on 8.42 Acres | Potential to Expand or Separate Parcel & Sell Excess Land
• Significant Upside Potential (Unutilized Spaces & Management/Operating Efficiencies)
• Ideally Located Off of Interstate 15, Just 4 Miles to Historic Downtown Pocatello
• Transient Demand to-and-from Yellowstone National Park
• Surrounded by Tens of State and National Parks
• 2 Miles to Idaho State University and Holt Arena @ ISU
• Nearby Attractions Include Sacajawea Park, Zoo Idaho, Shoshone Bannock Casino, Snake River, and Several Museums

Description:

Adam Lewis // Broker of Record // License ID DB54599

Previously a Clarion hotel, this property is now a mix of hotel and extended stay rooms. Over $1 million in CAPEX and renovations have been completed within the last 3 years, including a new roof, new staircases, stucco and landscape updates, and a full LED upgrade.

The current owner has moved to another state, and there are several large opportunities that are waiting to be gained by a new owner. The large event space is bigger than any other hotel in Pocatello, and there is a huge shortage of event space in the area. The current owner does not advertise events and does not have a way to book them online.

When the previous owner bought the property in 2021, they closed down the bar (due to their religious beliefs), kitchen, and restaurant. They also stopped serving breakfast. These were popular businesses in town and are functional. These offer an immediate opportunity to a new owner.

Before the current owner bought the property, it was approved by the city to become veteran and multifamily housing. The owner also met with a surveyor and there is an easy opportunity to split off and sell/build part of the land.

The current owner stopped taking nightly guests and reservations/online bookings, because they prefer to do things the traditional way. There is a tremendous opportunity to easily start doing these and see an even bigger increase in revenue.

Despite all of this, there is a base of at least 130 guests that consistently pay weekly at the hotel, no matter the season. The property has been dramatically improved and taken care of, and long-term maintenance issues have been addressed. Nothing is leased on the property, and improvements to Fiber internet, lighting, cameras, HVAC etc. have already been made.

The purchaser will have the opportunity to utilize the property’s amenities, which include the largest hotel pool in Pocatello, a restaurant and commercial kitchen, several meeting/event spaces, a fitness center, and Tesla chargers, to name a few. The property’s location, size, and amenities provide an opportunity to make this a top-of-the-line hotel in the area. The property sits in an ideal state for someone to come, and in short order, reap the benefits of process improvements.

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.

Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=PocatelloIDGrandIdaho

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