Quality Inn Kanab

815 US-89 | Kanab | Utah | 84741


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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

  • Apex Commercial Real Estate Services | KW South Valley Keller Williams listed the Quality Inn & Suites Kanab, a 3 story 71 room located on the east end of Kanab City. The current ownership purchased the hotel in spring of 2015. At time of take over Choice Hotels issued a Property Improvement Plan, that completely renovated the hotel, by 2018 the entire PIP was completed leaving the hotel in its current condition. Located in one of the most beautiful areas of Southern Utah, that is locally known as “Little Hollywood” because of Television and Movies that have been filmed there such as Stagecoach (1939), The Lone Ranger, Death Valley Days. Gunsmoke, Daniel Boone, El Dorado (1966), Planet of the Apes (1968), Mackenna's Gold, Sergeants 3, WindRunner: A Spirited Journey, Western Union (1941), The Desperadoes (1943), In Old Oklahoma (1943), Buffalo Bill (1944), Westward the Women (1952), Tomahawk Trail (1957), Fort Bowie (1958), Sergeants Three (1962), Duel at Diablo (1966), Ride in the Whirlwind (1965), The Shooting (1966), and The Outlaw Josey Wales (1976), couple the entertainment industries use of the surrounding areas, and the National Parks tourism continues to make this City boom during peak season.  

Property Details

  • Available SF: 77,537 SF
  • Price: $ 7,500,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Hotel
  • Building Size: 45,743 SF
  • Lot Size: 1.78 AC
  • Sale Type: Investment / Owner Operator
  • Building Class: B
  • Year Built: 1994
  • No. Stories: 3
  • Zoning Description: C-3
  • APN/Parcel ID 0146087
  • Availability: Active Listing

Property Description

Minimal Property Improvement Plan
Seeing how the Quality Inn has recently undergone a PIP we do not foresee a transfer PIP to be costly. Under the current PIP Guest Rooms FF&E, bathrooms, Public Restrooms, Breakfast Area, Interior Corridors, and operations have been completely renovated

The Right Business for You
This hotel is perfect for an owner operator or remote investor with the right management company in place. As one of the highest grossing hotels in the area, one can speculate that revenue and occupancy is only going to rise with the massive amount of tourism expected this year alone. Along with tourism the Utah Film Commission is using Kane County to film “Horizon: An American Saga” with over a $50 million dollar budget. These factors alone make this area and property a destination, and owning such a lucrative asset would look amazing for your portfolio.

High Visibility Location
The hotel sits on the east end of Kanab, Utah, with ease of access directly off of U.S. Highway 89.

Property Size
The Quality Inn is a 3 Story, 71 Room Midscale Hotel situated on 1.78 acres, 77,537 SqFt, with a GBA of 40,000 SqFt, typical floor of 13,333 SqFt, and a meeting area of 700 SqFt.

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Property Amenities

  • Free WiFi
  • Pet-friendly Hotel*
  • Free Hot Breakfast
  • Seasonal Outdoor Pool
  • Truck Parking
  • Copy Machine
  • Interior Corridors
  • Government Travelers: FEMA Approved
  • Bus Parking
  • Parking Available
  • Fax Machine
  • Free Coffee

Financial Summary

Investment Highlights

Price $7,500,000.00
Price / Unit $105,633.80
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $7,500,000.00

 

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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