Property Description
The Hudson Inn in Milford, UT, an independent fifties era exterior corridor property is located directly in the middle of Milford on US
Highway 257. This single-story, 23-room was built in 1958 and has continued to operate as an independent extended-stay hotel. This property is currently filled to capacity and will stay this way until the end of the year.
This property is listed as a value add asset. The way a potential new owner operate could add immense value would be to replace the roof, repave the asphalt parking lot, and completely renovate the guest rooms with updated carpet, lights, and case goods. Another main value add could be to re-class the property to a multifamily establishment, updating the rooms to single tenant potentially charging $800-$900 a month.
This hotel is perfect for an owner-operator or remote investor with the right management company in place. There is a terrific 3-person on-site management team that currently takes car of all guests, housekeeping, and maintenance. The Hudson is a Single-Story, 23 Room Midscale Hotel situated on 1.00 acres, 43,560 SqFt, with a GBA of 8,736 SqFt, typical floor of 8,736 SqFt.
