Quality Inn View Of Lake Powell Arizona

287 N Lake Powell Blvd | Page | Arizona | 86040


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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, KW Integrity Kelller Williams, Keller Williams Arizona Realty 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, KW Integrity Kelller Williams, Keller Williams Arizona Realty, 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, KW Integrity Kelller Williams, Keller Williams Arizona Realty 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, KW Integrity Kelller Williams, Keller Williams Arizona Realty 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, KW Integrity Kelller Williams, Keller Williams Arizona Realty 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, KW Integrity Kelller Williams, Keller Williams Arizona Realtys in compliance with all applicable fair housing and equal opportunity laws.

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Property Highlights

  • Apex Commercial Real Estate Services | Keller Williams Arizona Realty are pleased to solicit offers on the Quality Inn View of Lake Powell Page Arizona. This property is a 3-story, 130-room, interior corridor, limited-service lodging facility built in 1990 and was renovated and remodeled in 2019. The Quality Inn features a restaurant, gift shop, beautiful pool, laundry facility, 4 different double queen style rooms (Balcony, Balcony 2, Patio, and Pool), and 2 different king style rooms (Balcony & Pool) . This property is located on the "S" bend of Lake Powell Blvd. and Rimview Drive, in the heart of downtown Page Arizona.

    The Quality Inn's gift shop and restaurant give the property an added resort feel and accommodations, coupled with the overhang on the golf course gives guest the luxury of venturing to the links for a round of leisure and sun. The Quality Inn is in a "High Barrier Market" situated at the famous entrance to Wahweap Marina, this area is a high barrier entry market place. Places like Lake Powell, Lake Mead, Lake Havasu, and Moab are coveted amount the hotel industry because of the traction the parks bring to the economy.

Property Details

  • Available SF: 242,629 SF
  • Price: $ 16,000,000
  • Transaction Type: For Sale
  • Property Type: Hotel, Resort
  • Building Size: 14,104 SF
  • Lot Size: 5.57 AC
  • Sale Type: Owner Operator
  • Building Class: B
  • Year Built: 1990
  • No. Stories: 3
  • Zoning Description: C
  • Cross Streets: Lake Powell Blvd & Rimview Dr.
  • APN/Parcel ID 80006015
  • Availability: Active Listing

Property Description

Recent PIP

The Quality Inn View Of Lake Powell was built in 1990 and operated as an independent hotel until the 2019 when it was converted into a Quality Inn, the renovation was completed in 2019. We estimate the transfer pip to be minimal, and increasing the overall revenue to remain the same, or increase as tourism continues to build in the area.

High Visibility Location

Located near the Wahweap Marina, on the “S” bend of Lake Powell Blvd. and Rimview Drive, in the heart of downtown Page Arizona.

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 that is currently circulating in the area. These factors alone make this area and property a destination, and owning such a lucrative asset would look amazing for your portfolio.

Property Size

The Quality Inn is a 2 Story, 130 Room Midscale Hotel situated on 5.77 acres, 251,341 SqFt, with a GBA of 14,104 SqFt.

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Property Amenities

  • Restaurant
  • Pool
  • Gift Shop
  • Free Wifi
  • Close To Golf Course
  • Close to Lake Powell
  • Continental Breakfast
  • Laundry Facility
  • 4 Types of Queen Style Rooms
  • 2 Different King Style Rooms

Financial Summary

Investment Highlights

Price $16,000,000.00
Price / Unit $123,076.92
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

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