Ramada by Wyndham

333 North Main Street | Richfield | Utah | 84701


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Confidentiality Agreement

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Property Highlights

  • Discover the perfect investment opportunity with the iconic Ramada Richfield - a hotel that has been an integral part of the local community for years. Featuring 51 beautifully appointed rooms, exceptional dining options, and state-of-the-art facilities, this hotel offers an unparalleled guest experience. Its prime location, situated at the crossroads of major highways, makes it easily accessible to travelers from all corners of the country. The hotel underwent a complete renovation in 2022, bringing a fresh and modern look to our comfortable accommodations and convenient facilities. Acquiring Ramada Richfield means owning a piece of Richfield's history and heritage. With its well-established brand name and loyal customer base this hotel promises to generate a steady income stream for its new owners. So, don't wait any longer, take advantage of this rare opportunity, and expand your hospitality portfolio with the prestigious Ramada by Wyndham in Richfield today!   *Ice cream shop is not included in the purchase price, seller is open to negotiating the purchasing of the equipment*

Property Details

  • Price: $4,300,000
  • Units: 51
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Motel
  • Building Size: 34,130 SF
  • Lot Size: 1.05 AC
  • Year Built: 1980
  • Year Renovated: 2022
  • No. Stories: 2
  • Zoning Description: CG
  • APN/Parcel ID 1-47-10
  • Availability: Active Listing

Property Description

  • Location: The hotel is located just off of Interstate 70, making it easily accessible to travelers passing through the area. It’s also located near several restaurants and shopping options.
  • Comfortable Rooms: The hotel offers a variety of room types, including standard rooms and suites. All rooms are equipped with modern amenities, such as flat-screen TVs, microwaves, and mini-refrigerators.
  • Free Breakfast: Guests can start their day off right with a complimentary breakfast buffet, which includes a variety of hot and cold items.
  • Ice Cream Shop: Having an ice cream shop on-site is also a great convenience for families with children, who will surely enjoy a scoop or two of their favorite flavors.
  • Indoor Pool: The hotel features an indoor pool, which is perfect for relaxing after a long day of travel or sightseeing.
  • Fitness Center: Guests can stay on top of their fitness routine while staying at the hotel by using the on-site fitness center.
  • Pet-Friendly: Ramada by Wyndham in Richfield, Utah is a pet-friendly hotel, so guests can bring their furry friends along for the trip.
  • Meeting and Event Space: The hotel has a variety of meeting and event spaces, making it a great option for business travelers or those planning a special event
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Property Amenities

  • Pool
  • Free WiFi
  • Free Parking
  • Meeting Room
  • Banquet Facilities
  • Spa
  • Fitness Center
  • Continental Breakfast
  • Business Center
  • 24 Hour Reception

Nearest Airport

Richfield Municipal Airport
Drive Time: 6 minutes
Distance: 2.4 miles

Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
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Expense
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Total Expenses
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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 %

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Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

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