Travelodge Cedar City

2555 North Freeway Drive | Cedar City | Utah | 84721 Back to Properties


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Confidentiality Agreement

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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 publicize the sale of the Travelodge Cedar City, a beautifully renovated 36 room exterior corridor motel directly off of exit 62 in Cedar City Utah The Travelodge Hotel is am economy hotel with 36 units, including a manager’s apartment, swimming pool, and laundry facilities. It is comprised of one, two storybuilding that forms an “L” shape running west (perpendicular) off of N. Freeway Drive (west frontage road running south along I-15), just south of the I-15 interchange #62. The project is constructed of brick and concrete with outside hallways and entrances most units include mini-fridges and microwaves. The current ownership has done great amount to upgrade the motel, but the renovations are only 70% complete. The rooms that have been completed currently have new interior and exterior paint, flooring, case goods, and light fixtures. The 30% that haven’t been completed need to have granite table, granite night stands, granite top tv stands, granite sink and flooring installed. All items for the renovation have been purchased.

Property Details

  • Available SF: 52,272 SF
  • Price: $ 2,385,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Economy
  • Building Size: 19,000 SF
  • Lot Size: 1.20 AC
  • Sale Type: Investment / Owner Operator
  • Building Class: B
  • Year Built: 1980
  • No. Stories: 2
  • Zoning Description: Commercial
  • Cross Streets: Freeway Drive & 2400 North
  • APN/Parcel ID 04-964-40
  • Availability: Active Listing

Property Description

Capital Improvements
Over the last two-three years the current owners have been busy adding a new 20 year roof, new exterior paint, new interior paint, new flooring, new couches and chairs, new mattresses, new bed frames, new head boards, sinks, granite sink overlay, new tables, light fixtures, carpet, and fencing.
Only 70% of the rooms have been renovated, leaving 30% still needing already purchased material installed.

High Visibility Location
The Travelodge is directly off of exit 62 and can be easily seen and found from either direction of travel along interstate 15.

The Right Business For You
This amazing motel is a great deal designed for the an owner operator. Crafted with everything one needs to establish success with recent improvements finished and underway. The Travelodge was constructed in June of 1980. If you have the mindset to own and operate a motel and can see yourself owning the Travelodge and continuing to build a business in one of Southern Utah’s most prestigious towns, then look no further! The Travelodge is the perfect add value property, with current management purchasing the renovations, and eyeing the financials, one can speculate the income to increase up new management and ownership. Adjusting payroll, repairs & maintenance, travel, interest, and truck the add-backs are substantial.

Property Size
The Travelodge 1.20 acres, with a total square footage of 52,272 square feet, and an above ground square footage of 19,000.

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