| This bank-owned/REO property offers significant upside with the ability to redevelop, renovate, and/or reposition the hotel. |
| The asset is priced well below replacement cost, at $12,200 per key. |
| The hotel was closed in September 2024, and the property has since remained vacant, presenting a new investor with a clean slate. |
| As a non-operating hotel with no current franchise affiliation, an investor would be able to newly brand or operate the hotel independently. |
| The property includes four EV charging stations, which historically generated approximately $5,000 (rounded) in annual revenue. |
| With a manageable 47-room footprint, the hotel would be ideal for a hands-on owner/operator or a first-time investor seeking lower overhead. |
Eric Guerrero
HVS
