1054 Pine StPinedale, WY 82941

Property Details for 1054 Pine St

Year built

2001

Construction

FRAME

Lot size

1.14 AC

Property size (Sq ft)

24,764 SF

Property type

Motels

APN

02-00-15634

APU

20015634

Description

This exceptional 43-key hotel presents a lucrative investment opportunity in Pinedale, Wyoming. The 24,764 square foot property, built in 2008 and completely renovated in 2023, offers well-appointed rooms and is situated on a 1.14-acre lot with ample parking (45 spaces). Its C-1 zoning allows for a variety of uses. The hotel benefits from its strategic location near the Bridger-Teton National Forest, Fremont Lake, and the Museum of the Mountain Man, attracting a steady stream of tourists and outdoor enthusiasts. The property's proximity to dining and shopping options further enhances its appeal and ensures consistent occupancy. Approved by IHG for their Garner brand, this hotel offers the potential for increased revenue through the Garner brand's amenities (complimentary Wi-Fi, hot breakfast, 24/7 coffee service, etc.), convenient location, pet-friendly options, and IHG One Rewards loyalty program. The Garner brand is a midscale hotel option focusing on affordable, high-quality stays, and its global expansion presents further growth opportunities. Direct booking capabilities through IHG's website eliminate third-party booking fees, maximizing profitability. This three-story hotel represents a strong investment in a thriving hospitality market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,894,714

  6.5%

  $5,441,274

  7%

  $5,052,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,758,653

  Geo Method

  $4,808,104

• Alternative Use

  Use

  Valuation

  Residential

  $5,940,290

  Hospitality

  $5,441,274

  Educational

  $4,527,076

  Medical

  $4,682,770

  Retail

  $7,042,119

Location Insight

City

Pinedale

County

Sublette

State

Wyoming

Latitude

42.866

Longitude

-109.874

Property Tax & Assessments

FAQs

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