Ramada Price, Utah

832 West Wood Blvd. | Price | Utah | 84501


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Confidentiality Agreement

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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.

Property Highlights

  • APEX Commercial Real Estate | KW South Valley Keller Williams is pleased to present the sale of the Ramada Inn in Price, UT, a Mid-Scale/Full-Service property located on the West end of Price, Just off of Exit #240 on US Highway 6. This 2-story, 151-room, interior-corridor property was built in 1984. This property went through a full renovation in 2006 and operated as a Holiday Inn for many years. This property features many practical services for a property of this type, and offers additional amenities including a sports bar, restaurant, swimming pool, spa, fitness center, breakfast area, lounge, sundries shop, business center, and vending and ice machines.

Property Details

  • Available SF: 196,456 SF
  • Price: $ 9,200,000
  • Transaction Type: Sold
  • Property Type: Hotel
  • Property Sub Type: Midscale
  • Building Size: 89,262 SF
  • Lot Size: 4.51 AC
  • Sale Type: Fee Simple
  • Building Class: B
  • Year Built: 1986
  • No. Stories: 2
  • Parking: 1.52
  • Zoning Description: C1
  • Cross Streets: Hospital Drive & 100 North
  • APN/Parcel ID 01-2661-0000
  • Availability: Sold
King : 39
King Suite : 9
Double Queen : 90
Double Queen Suite : 5
ADA Rooms : 8

Property Description

Strong Revenue and Upside Potential
Even in the midst of the Covid-19 difficulties this property has continued to perform exceptionally well by maintaining strong revenue numbers through the unforeseen pandemic. In fact, this property is outperforming most the the prior years and continues to show record growth in several categories.

Strong Performing Branded Asset
The Ramada offers prospective buyers the opportunity to acquire a Wyndham
branded asset in the local market. Ramada is a large American multinational hotel chain owned by Wyndham Hotels and Resorts. As of December 31, 2018, it
operates 811 hotels with 114,614 rooms across 63 countries under the Ramada
brand.

Unencumbered by Management
The hotel is ideally offered unencumbered by management, providing a buyer with full optionality, including new management.

High Visibility In-Town Location
The Ramada boasts an excellent Highway 6 location, which is the main travel
way in Eastern Utah, mostly between Salt Lake City, UT and Moab, UT.

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Property Amenities

  • Free WiFi
  • Complimentary Breakfast
  • Bar (Sports Page)
  • Restaurant (Castle Ranch Restaurant)
  • Free Parking
  • ADA Accessible
  • Indoor Pool & Spa
  • Fitness Center
  • Business Center
  • Pet Friendly
  • Sundries Shop
  • On-site Laundry

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
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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