La Quinta Inn & Suites

465 S 100 E | Kanab | Utah | 84741


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Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

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

  • Apex Commercial Real Estate Services | KW South Valley Keller Williams is overjoyed to broadcast the sale of the La Quinta off of highway 89 exit 6 in Kanab Utah.​ The La Quinta is a beautiful 94 room, 4- story, upper-mid scale hotel surrounded by 6 National Parks.​ The La Quinta finished construction and opened in August 2018, and stablized fairly quickly because of the assests centralized location to 6 National Parks, with Zions, Bryce Canyon and Grand Canyon being the closest to the property, and Canyon Lands, Capital Reef, and Arches less than 6 hours away.​ The yearly tourism to these areas exceeds the millions to each park, the hotels in the area of these NationalParks typically have limited to no vacancy during peak tourism season.​ The La Quinta was built on 1.82 ac, with 80 parking spaces, outdoor swimming pool, business center, free internet, and continental breakfast.​

Property Details

  • Available SF: 48,872 SF
  • Price: $ 16,000,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Building Size: 79,279 SF
  • Lot Size: 1.82 AC
  • Sale Type: Investment
  • Building Class: A
  • Year Built: 2018
  • No. Stories: 4
  • Parking: 80
  • Cross Streets: HWY 89A & 400 S.
  • APN/Parcel ID H-4213
  • Availability: Active Listing

Property Description

Minimal Property Improvement Plan
We expect there to be a minimal transfer PIP, as the hotel was recently built, we do not forsee the PIP to encompass major renovations, or changes to the property. New ownership will likely have to install and purchase new point of sale systems and software for the POS systems.

High Visibility Location
The La Quinta is directly off of the east side of Highway 89A on the corner of 400 South, by PizzaHut

The Right Business For You
This hotel is perfect for either the owner operator or serial investor, with an amazing manager in place the potential new owner can run the property from afar and periodically check in on the status of the property. This gives the potential new owner the optionality to run multiple hotels and investments at the same time. The hotels typical peak season is from late March to late October when tourism typically slows down in the region, giving the potential investor the time to make renovations, repairs, and updates to the property.

Property Size
The La Quinta sits beautifully on 1.82 acres or 79,279 and a building square footage of 48,872 with the typical floor being 12,218 SqFt.

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Property Amenities

  • 24-Hour Reception Desk
  • ATM
  • Bus/Truck Parking
  • Business Center
  • Early Check-in Available
  • Elevators
  • Fitness Center
  • Free Breakfast
  • Free Parking
  • Free WiFi
  • Hot Tub Onsite
  • Late Check-out Available
  • Laundry Facilities
  • Laundry Services
  • Meeting Room
  • Mobile Check-in
  • Non-Smoking Hotel
  • Pet Friendly
  • Pool - Outdoor
  • Sundries/Mart

Financial Summary

Investment Highlights

Price $16,000,000.00
Price / Unit $170,212.77
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $16,000,000.00

 

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

Apex Commercial Real Estate

Apex Capital Markets

Apex Commercial Development