7877 Us-89Wellsville, UT 84339

Property Details for 7877 Us-89

Year built

1975

Lot size

23.12 AC

Property size (Sq ft)

86,136 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 93-bed luxury hotel, nestled on 23.12 acres in the serene Wellsville Mountains of Cache County, Utah, presents a unique investment opportunity. Recently renovated in 2023, this two-building, three-story property boasts 86,136 square feet of space and offers a compelling value-add proposition. The property features a 10-room spa with sauna, an indoor pool and hot tub, a state-of-the-art fitness center, a spacious 20,000-square-foot conference area, and a full-service restaurant with a separate dining area. Outdoor amenities include a tennis court and horseshoe pits. An existing condo building with 42 deeded condos offers significant expansion potential for additional beds, depending on the chosen layout. The property is zoned PRD and enjoys convenient access to US-89, with Logan and Logan Regional Hospital just a short drive away. The proximity to Utah State University, known for its rehabilitation counseling program, provides access to a skilled workforce. The asking price is $10,000,000, with a pro-forma NOI of $9,913,017 and a pro-forma cap rate of 99.13%. The property's stunning mountain setting, coupled with its diverse amenities and strategic location, makes it an ideal investment for hospitality, assisted living, or rehabilitation services. The property's infrastructure supports the potential addition of 39 more condo units. This is a rare opportunity to acquire a fully renovated, high-amenity property in a desirable location with significant upside potential.

Location Insight

City

Wellsville

County

Cache

State

Utah

Latitude

41.5891

Longitude

-111.983

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