Super 8 Price, Utah

180 north Hospital Drive | Price | Utah | 84501 Back to Properties


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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 Super 8 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, 40-room, interior-corridor property was built in 1995 and has sustained periodic upgrades throughout the years.This property features many basic services for a property of this type, and offers additional amenities including swimming pool, spa, fitness center, breakfast area, sundries shop, business center, and vending and ice machines.

Property Details

  • Available SF: 44,431 SF
  • Price: $ 2,400,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Motel
  • Building Size: 18,338 SF
  • Lot Size: 1.02 AC
  • Cap Rate: 9%
  • Sale Type: Fee Simple
  • Year Built: 1995
  • No. Stories: 2
  • Parking: 1:1
  • Zoning Description: BC01
  • Cross Streets: Hospital Drive & 100 North
  • APN/Parcel ID 01-2660-0003
  • Availability: Active Listing
King Room : 14
Double Queen : 22
Honeymoon Suite : 1
Family Suite : 1
ADA Rooms : 2

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 Super 8 offers prospective buyers the opportunity to acquire a Wyndham branded asset in the local market. Super 8 is an American hotel brand, the world’s largest budget hotel chain with over 2,000 locations worldwide. The chain is a subsidiary of Wyndham Hotels and Resorts. As of September 2021, the brand website listed 2,141 hotels worldwide.

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 Super 8 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

  • Indoor Pool
  • Indoor Spa
  • Complimentary Breakfast
  • Ice/Vending Machines
  • Business Center
  • Fitness Center
  • RV Parking
  • Free WiFi
  • Shop/Mart

Nearest Airport

Carbon County Region Airport
Drive Time: 11 Minutes
Distance: 5.5 Miles

Financial Summary (Actual - )

Annual Annual Per SF
Gross Rental Income: - -
Other Income: - -
Vacancy Loss: - -
Effective Gross Income: - -
Net Operating Income: - -

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