IN CONTRACT – This property is currently IN CONTRACT with a Buyer in the backup position. The Seller will consider offers in the second backup position only.
$8,500,000 | Upper Midscale | Full-Service | 128 Keys
Hotel With Restaurant In The Heart Of Alaska
Clarion Hotel & Suites Fairbanks is a 128-key, full-service, franchised, upper-midscale hotel. Located in Fairbanks, Alaska, this property features excellent cash flow and strong financials. Guest amenities include guest laundry, a fitness center, and an on-site remodeled restaurant with a bar/lounge area (updated in 2020). For business guests, the hotel has a meeting/event space, a business center, as well an airport shuttle for the entire hotel.
Guest room mix includes a selection of Queen Single, Queen Double, Kitchenette, Suites, Family Suites, and ADA-accessible rooms. Room amenities include a mini-refrigerator, microwave, flatscreen TV, high-speed internet (WiFi), and air conditioning in this 100% smoke-free hotel.
The hotel is located on ~1.49 acres of owned land with the potential to expand. Ideally situated with both highway access and visibility, the hotel is close to the Chena River, Airport Way, and Fort Wainwright Army Base. (Buyer to do own due diligence on the potential to expand.)
Request Offering Memorandum & Financials using the form below.
Clarion Hotel & Suites Fairbanks Location
The city of Fairbanks is in the heart of Alaska’s interior on the banks of the Chena River in the Tanana Valley and serves as the seat of the government for the Fairbanks North Star Borough. Centrally located it acts as the region’s service and supply center for Interior Alaska. The economy of Fairbanks is heavily supported by mining, the University of Alaska, the military, and tourism. Fairbanks is the home of the Yukon Quest, World Ice Art Championships, Tanana Valley State Fair, and Golden Days Celebration. For urban enthusiasts, dining, museums, galleries, entertainment, events, and festivals are plentiful. There are also a variety of outdoor activities like birding, canoeing, fishing, gold panning, and hiking.
Property Features
- 15.42% Cap Rate, 41.65% ROI & 2.30 GRM
- Excellent Cash Flow & Strong Financials
- Main Highway Visibility & Access
- Near International Airport & Airport Way
- Proximity To Fort Wainwright Base
- On-Site Remodeled Restaurant
- Spacious Meeting/Event Space
- View Property Video
Property Details
Keys: 128
Location: Alaska, Metro
City: Fairbanks
State: AK
ZIP: 99701
Type: Franchise, Full-Service
Cap Rate: 15.42%
GRRM: 2.30
ROI/Cash Flow: 41.65%
Financing: New
Additional Features:
Full-Service, Interior Corridor, Meeting/Event Space, Restaurant, Truck/RV/Bus Parking, Upper Midscale
Disclaimer
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!
Broker Co-op Agreement
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.
This listing is in cooperation with Suzanne Jasso (Alaska License #RECS19003).
Photos of Clarion Hotel & Suites Fairbanks
Request the Offering Memorandum below for detailed information and photos of this property.
Clarion Hotel & Suites Fairbanks Map
Request Offering Memorandum & Financials
If you are a Broker requesting this property for a client, you will need to complete the Buyer Registration in the form below.
