Lewiston, ID 83501
Courtesy of Kelly Right Real Estate. Main: 509-489-7000
- $6,700,000
- 24,374
- SqFt
- List Price
- $6,700,000
- Price Change
- ▼ $800,000 1745908525
- Days on Market
- 348
- Status
- ACTIVE
- MLS#
- 98935669
- County
- Nez Perce
- Sq. Ft
- 24374
- Year Built
- 1995
- Acres
- 2.40
- Age
- 21 - 30 Years
Property Description
Exciting Investment Opportunity: Quality Inn Hotel at the mouth of Hells Canyon! Discover a prime investment opportunity with this established Quality Inn Hotel, proudly affiliated with Choice Hotels International, located at the breathtaking entrance of Hells Canyon. This 52-key hotel, built in 1995 and situated on a generous 2.401 acres, offers a gateway to a world of outdoor adventure. Immerse yourself in various thrilling activities, including hunting, fishing, golfing year-round, snowmobiling, attending the NAIA baseball tournament, and jet boating into the stunning Hells Canyon. The property was recently remodeled in 2024, enhancing its appeal with updated facilities and modern comforts for guests. This hotel is a solid investment with an impressive occupancy rate of 72.7% in 2023 and a cap rate of 9.67%. Additionally, the city has granted preliminary approval for a potential 30 RV hookup park or an exciting hotel expansion, opening doors to further revenue opportunities.
Additional Information
- Sq. Ft
- 24374
- Garagetype
- 51 - 100 Spaces
- Roof
- Composition
- Construction
- Frame, Metal Siding
- Lot Features
- 1 - 4.99 Acres
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Heating
- Forced Air, Wall Furnace
- Water
- City Service
- Electric
- 110 Volt, Solar Panel - Financed
- Parcel Number
- RPL355W0053325, RPL355W0053302
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