Possible Branded Asset / Multi Family Conversion
To brand the Color Country Motel the potential new owner would have to contact and apply for a franchise from Wyndham, IHG, Choice, Travelodge or Motel 6. At which time the franchise would issue a property improvement plan.
The possibility of a multi family conversion would mean the addition of larger fridges, dishwashers and ranges. Currently there are no studio apartments in the area. Typical rents between $800 – $1,000 / MO.
High Visibility Location
The motel is visable from Highway 89 / Main Street on the North end of the City of Panguitch.
Right Business For You
Ideal potential investor of the Color Country motel would have to be an owner operator that either lives in the area, can commute, or has a property manager to facilitate the day to day operations. If the potential new investor is looking to convert to multi family they would need to be savvy in remodel and renovation as well as have the resources and connections to contractors that are capable of completing the conversion to the standards of the potential investor, city and county.
The Color Country motel sits eloquently on 0.98 acres or 42,689 SqFt with the motel sitting on 17,277 SqFt.