301 E StCasper, WY 82601

For Sale
$6,000,000
Wyoming Hotel - High ROI Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity in Casper, Wyoming, presents this 119-key Days Inn. This two-story, interior-corridor hotel boasts a strong 11.90% capitalization rate and a substantial net operating income (NOI) of $204,116. Completely renovated in 2022 with over $900,000 in capital expenditures, the property features modern amenities including in-room work desks, microwaves, and refrigerators. Guests enjoy convenient access to an outdoor swimming pool, complimentary breakfast, and Wi-Fi. Strategically located off Interstate 25, the hotel benefits from significant transient traffic along this major thoroughfare connecting Denver to Montana. The property also caters to the thriving tourism sector, drawing visitors for big game hunting and the surrounding agricultural community. Wyoming's robust tourism industry, attracting 7.5 million visitors in 2023 with a $4.7 billion economic impact, further enhances the investment potential. The hotel is conveniently situated just 8.7 miles from Casper International Airport and includes an on-site manager's unit. The property's asking price is $6,000,000, offering a compelling return on investment. APN: 3379-04-40-1-00700. Built in 1980.

Highlights

  • Turnkey 119-key Days Inn hotel.
  • Recently renovated in 2022 with over $900,000 in capital expenditures.
  • Excellent I-25 location.
  • Strong tourism market; Wyoming saw 7.5 million tourists and $4.7 billion in tourism revenue in 2023.
  • 8.7 miles from Casper International Airport.
  • Includes on-site manager's unit.

Property Details for 301 E St

Property type
Hospitality properties, Hotels
Year Built/Renovated
1980/2022
Stories
2

Location Insight

City
Casper
County
Natrona
State
Wyoming
Latitude
42.8561557
Longitude
-106.3219719
301 E St, Casper, Wyoming

FAQs

What type of property is this?
Hospitality property - Wyoming Hotel - High ROI Opportunity
Where is the hospitality property located?
The property is located at 301 E St Casper, WY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Turnkey 119-key Days Inn hotel.; Recently renovated in 2022 with over $900,000 in capital expenditures.; Excellent I-25 location.
How can I contact the broker?
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301 E St
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