For Sale
$5,500,000

1424 Pine StPinedale, WY 82941

82-key hotel, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 82-key Pinedale, Wyoming hotel presents a lucrative investment opportunity. The 42,693-square-foot, three-story building, constructed in 2005, sits on a 2.31-acre lot and boasts 90 parking spaces. The property includes an indoor heated pool, hot tub, fitness center, business center, and on-site spa, catering to a wide range of guests. A significant advantage is the inclusion of a 1,057-square-foot restaurant space under a five-year lease (extending to 2029), generating 40% of the restaurant's net revenue. This restaurant recently obtained a liquor license, further enhancing profitability. The hotel's strategic location in Pinedale, Wyoming, and its unique position as one of the few hotels in the area with an on-site restaurant, ensures consistent guest traffic, particularly during peak seasons. The ability to accommodate extended-stay guests provides a stable income stream. The property's asking price is $5,500,000, representing a price per key of $67,073 and a price per square foot of $128.83. With an 8.50% cap rate, this hotel offers substantial value-add potential and strong returns on investment. The property is zoned commercial and has APN 02-00-10902. This is a freehold ownership opportunity, not a ground lease.

Highlights

  • 82-key hotel in Pinedale, Wyoming, built in 2005.
  • 42,693-square-foot building on a 2.31-acre lot with 90 parking spaces.
  • Amenities include an indoor heated pool, hot tub, fitness center, business center, and on-site spa.
  • Includes a 1,057-square-foot restaurant with a five-year lease (through 2029), generating 40% of its net revenue and recently obtaining a liquor license.
  • Asking price: $5,500,000 ($67,073 per key, $128.83 per square foot), with an 8.50% cap rate.
  • APN 02-00-10902; freehold ownership.

Property Details for 1424 Pine St

Property type
Hospitality properties, Hotels
Square Feet
42,693 SF
Year Built
2005
Buildings
1
Stories
3
Lot Size (sq. ft)
100,624 SF

Location Insight

City
Pinedale
County
Sublette
State
Wyoming
Latitude
42.866305617591
Longitude
-109.88195030282
1424 Pine St, Pinedale, Wyoming

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1424 Pine St
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