Best Western Duchesne Inn

52 South 500 West | Duchesne | Utah | 84021


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Confidentiality Agreement

Confidentiality agreement sub heading

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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.

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Property Highlights

  • Best Western Duchesne, UT APEX Commercial Real Estate | KW South Valley Keller Williams is pleased to present the sale of the Best Western in Duchesne, UT, an Mid-Scale/Limited- Service property is located on the West end of Main Street on US Highway 40 and US Highway 191. This 3-story, 60-room, interior-corridor property was built in 2014 and operated as an independent extended stay hotel in prior years. This property went through a full renovation beginning at the end of 2018 and was completed in the 2nd quarter of 2019. It was converted from an independent hotel into a Best Western branded hotel, which substantially increased revenue and occupancy immediately. This property features all basic services for a property of this type and offers additional amenities including 31 kitchenette rooms, swimming pool, spa, fitness center, breakfast area, lounge, sundries shop, business center, and vending and ice machines.

Property Details

  • Available SF: 111,949 SF
  • Price: $ 5,000,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Midscale
  • Building Size: 36,491 SF
  • Lot Size: 2.57 AC
  • Sale Type: Fee Simple
  • Building Class: B
  • Year Built: 2014
  • No. Stories: 3
  • Zoning Description: C-1
  • Cross Streets: Main Street & 500 West
  • APN/Parcel ID 00-0000-5490, 00-0031-4389
  • Availability: Active Listing
King Room : 20
King Room ADA : 2
Double Queen : 36
Double Queen ADA : 2

Property Description

Strong Revenue and Upside Potential
Even in the midst of the Covid-19 difficulties this property has continued to perform exceptionally well by maintaining strong revenue numbers through the unforeseen pandemic.

In 2020 the hotel achieved a 30% increase in revenue and a 8% increase in occupancy Year-over-Year. As the travel restrictions are eased and the hotel continues to stabilize, the business of the hotel and the revenue is expected to increase in the upcoming season and into the future.

Strong Performing Branded Asset
The Best Western offers prospective buyers the opportunity to acquire the only branded asset in the local market. Best Western Hotels & Resorts, headquartered
in Phoenix, Arizona, is a privately held hotel brand with a global network of approximately 4,700 hotels in over 100 countries and territories worldwide. The
benefit to a branded property, specifically Best Western, is its renowned membership business and its loyalty reward program.

Unencumbered by Management
The hotel is ideally offered unencumbered by management, providing a buyer with full optionality, including new management.

High Visibility In-Town Location
The Best Western boasts an excellent Main Street and Highway 40 location, which is the main entrance to town for those travelers coming from the west, mainly Salt Lake City which is within a 2 hour drive.

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Property Amenities

  • Free WiFi
  • Complimentary Breakfast
  • Free Parking
  • ADA Accessible
  • Indoor Pool & Spa
  • Fitness Center
  • Pet Friendly
  • Sundries Shop
  • On-site Laundry

Financial Summary

Investment Highlights

Price $5,000,000.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $5,000,000.00

 

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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Apex Commercial Development