APEX Commercial Real Estate | KW South Valley Keller Williams is pleased to present the sale of the Super 8 Moab, which is part of Wyndham’s Franchise. The Property, originally opened in 1989 on the North end of Moab’s beautiful main street. The magnificent historical facade continues to impress guests as they first glance at the marvelous main street and take a step back in time.
ADR VALUE ADD
The Super 8 Moab performs exceptionally well, however there is some value add opportunity because the current owners do not adjust the ADR when on average it is around $100.00. The current market in Moab has an average ADR that is closer to $140-$150 depending on the hotel and night. Adding $10-$20 dollars to the ADR would make a substantial increase in revenue between $400,000- $1,000,000 a year based on pre-covid occupancy numbers.
VERY STRONG CURRENT REVENUE AND CASH FLOW PLUS FUTURE UPSIDE
The Super 8 Moab performs exceptionally well, with effective cost controls in place by current ownership. In 2019, the hotel achieved over $3.6 million in total revenues, driving 35%-45% of this revenue to the bottom line, after the deduction of management fees and reserves.
UNENCUMBERED OF MANAGEMENT
The hotel is ideally offered unencumbered by management, providing a buyer with full optionality, including new management and several possible brand conversion opportunities to increase revenue and reservation delivery.
OFFERED BELOW REPLACEMENT COST
The Super 8 can be acquired below replacement cost
HOTEL MORATORIUM IN PLACE
The city and county both have a building moratorium in place preventing new supply in the hotel segment beyond what has currently been approved.
HIGH VISIBILITY IN-TOWN LOCATION
The Super 8 boasts an excellent “Main Street” location, close to the many restaurants, shops and galleries in downtown Moab.
MOAB IS THE CLOSEST TOWN TO ARCHES NATIONAL PARK AND CANYONLANDS NATIONAL PARK
Moab, Utah is one of the most sought-after destinations in the country. Surrounded by some of the most stunning landscapes in the Southwest, Moab provides visitors from around the globe a central base for exploring the “Mighty 5” National Parks, including Arches National Park and Canyonlands National Park. Over the last decade, visitation at both parks was up 78% – up 48% from 2014-2017 alone. More than 4 million visitors explored just these two national parks in 2019, and as the closest town to both, Moab is a popular base.