America’s Best Inn & Suites

245 Red Cliffs Dr | St. George | Utah | 84790


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Confidentiality Agreement

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Agreement

All materials and information received or derived from Apex Commercial Real Estate, LLC. KW South Valley Keller Williams its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without

representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, develop-ability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Apex Commercial Real Estate, LLC. KW South Valley Keller Williams, its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such parties. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations, including through appropriate third-party independent professionals selected by such parties. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Apex Commercial Real Estate, LLC. KW South Valley Keller Williams in compliance with all applicable fair housing and equal opportunity laws.

Property Highlights

  • The Brilliant America's Best Inn & Suites

    Apex Commercial Real Estate Services | KW South Valley Keller Williams has listed the America's Best Inn & Suites, with great appreciation and excitement we would like to present the marketing package.​ Built in 1995 when St.​ George was starting to boom as a tourist destination and retirement community.​ Built in the area as one of St.​ George's largest shopping and strip mall areas with close proximity to retail, outlet stores, dining, and boutique shops.​ The Southern Utah area has thrived over the past decade, with new developments, an influx of residents, a growing university campus, National Park popularity growth, and general tourism from out of state and in state residents that want to travel to the beautiful red rocks of Washington County.​ Possible Rebranding or Multifamily Conversion Re Branding the hotel to a more lucrative franchise will increase revenue greatly.​ The America's Best Inn & Suites is in a perfect location for a Multifamily conversion, centralized around shopping and schools, this would add to the value of the property as housing in the area is becoming more and more lucrative to find, student housing is another possibility as Utah Tech University & Dixie State University are mere minutes away.​ High Visibility Location Directly off of Exit 8 on Interstate 15 across the street from the Shoppe's at Zion strip mall.​ Property Size Situated on 092 acres of busy shopping center, with plenty of excess parking, dining and shopping available the building is 19,158 SqFt with two stories and a beautiful pool area.​

Property Details

  • Available SF: 19,158 SF
  • Price: $ 5,200,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Hotel
  • Building Size: 19,158 SF
  • Lot Size: 0.92 AC
  • Sale Type: Investment / Owner Operator
  • Year Built: 1995
  • No. Stories: 2
  • Zoning Description: C-2
  • APN/Parcel ID SG-5-2-20-234
  • Availability: Active Listing

Property Description

Keller Williams South Valley Realty Logo

America’s Best Inn & Suites located at 245 N. Red Cliffs Dr. in St. George, Washington County, Utah. The subject is further identified by assessor parcel number SG-5-2-20-234. The subject consists of a single parcel that is 0.92 acre in size, has an irregular shape and has a generally level topography. The site is near grade of adjoining streets and properties, except to the west, which the topography is raised to allow for the Interstate 15 on-ramp. The site is located within The Promenade at Red Cliffs center and has good visibility from Red Cliffs Drive, St. George Boulevard and Interstate-15. The site is serviced by all utilities and appears to be fully usable. The site is improved with a 52 room hospitality improved that carry’s the America’s Best Inn & Suites franchise. Although the improvement has 52 rooms, only 49 rooms are rentable as three rooms are used for storage. The improvement was constructed in 1995, is two stories and has a gross building area of 19,518 square feet with 16,784 square feet being rentable and the remaining square footage is for going concern operational uses. Access to all guest rooms is from exterior corridors and the improvement has a reception and waiting area, an office, breakfast area, laundry room, guest laundry, a utility room, pool, spa and guest rooms. Asphalt paved parking is offered around the perimeter of the improvement with additional parking within The Promenade at Red Cliff association. The improvement appears to have been adequately maintained and has an average quality and condition.

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Property Amenities

  • Breakfast
  • Accessibility Features
  • Air Conditioning
  • PetFriendly
  • WiFi
  • Outdoor Pool
  • Parking
  • Refrigerator
  • Microwave
  • Flat Screen TV

Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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