301 E StCasper, WY 82601

Property Details for 301 E St

Year built

1980

Property type

Hospitality properties

Property subtype

Hotels

Description

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.

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8562

Longitude

-106.322

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