Travelodge Cedar City

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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 an economy hotel with 36 units, including a manager’s apartment, swimming pool, and laundry facilities. It is comprised of one, two story building 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. Along with the 0.58 acres that the hotel is situated on, there is a separate parcel of vacant land that is 0.72 acres for sale along with the hotel, that can be used to extend parking lot and or build additional rooms.

Property Details

Available SF: 52,272 SF
Price: $ 1,885,000
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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Financial Summary

Investment Highlights

Price	$1,885,000.00
Price / Unit	$0.00
Gross Rent Multiplier	0.00
Proposed Loan Amount	$0.00
Initial Investment	$1,885,000.00

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 %

Travelodge-OM-3.pdf

Statistics-Report-12-31-2020.pdf

Statistics-Report-12-31-2019.pdf

PL-2021.pdf

PL-2020-PDF.pdf

Franchise-agreement.pdf

Rent Roll

Unit	BR/BA	Current Monthly Rent	Potential Monthly Rent	Status	Lease Expires
Totals		$ 0.00	$ 0.00