IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Franchised City Center
This well-kept motel is the premier choice for the Downtown Core, where the historic west blends harmoniously with the picturesque landscape. This beautiful two story hotel offers 45+ spacious clean guest rooms with a variety of room styles. The convenient location in the downtown core of the rich western theme town offers 16 restaurants within a 6 block radius of the hotel. Downtown specialty stores and historical landmarks are nearby. Guests enjoy the scenic river walk which runs straight through the downtown area. Entry to the paved and illuminated walkway is just steps from the property.
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. Please call with questions regarding this requirement.
Special Property Features Include:
- 12.83% CAP RATE!
- Meeting Space
- Truck and Bus Parking
- Guest Laundry
- 24-hour Front Desk/Lobby
- Leased Land
Cap Rate: 12.83%
ROI/Cash Flow: 35.39%