720 West 5th Avenue

Highlights:

• Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
• Property can Remain Independent or be Converted to a Franchise
• Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
• High Barriers to Entry in the Downtown Anchorage Market
• Offered Below Replacement Cost
• Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More
• 2 Miles to the Port of Alaska, the State's Primary Inbound-Cargo Port
• Minutes to Ted Stevens Anchorage International Airport, Joint Base Elmendorf-Richardson and University of Alaska Anchorage

Description:

Price Reduced | Back on Market: HIGH RevPAR Growth Market, High Barriers to Entry.

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

Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=AnchorageAK720W5thAv

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