Meridian, Idaho, offers a unique opportunity for investors to capitalize on the growing demand for hotels in the area. With 2 hotels for sale, Meridian presents an attractive option for those looking to invest in the hospitality industry. Hotels in Meridian can represent a range of investment opportunities, from boutique hotels to larger chain establishments, each with its own unique characteristics and potential for return on investment. Meridian's strategic location, with its proximity to major highways and transportation hubs, makes it an ideal spot for hotels catering to both business and leisure travelers. The city's amenities, including Meridian Settlers Regional Park, Eagle Island State Park, and the Meridian Speedway, also make it an attractive destination for tourists. Additionally, Meridian's well-organized street layout and infrastructure, including major roads like Black Cat, Ten Mile, and Linder, make it easy for visitors to navigate the area.
Meridian's hotels offer a range of options for investors, from smaller, independently owned establishments to larger chain hotels. The city's growing population, currently around 100,000, and its proximity to major employers like Scentsy, Blue Cross of Idaho, and St. Luke's Health System, make it an attractive location for business travelers. Additionally, the city's recreational opportunities, including the Boise River and the Owyhee Mountains, make it a popular destination for tourists. Other property types available in Meridian include restaurants, which can capitalize on the city's growing food scene, apartment buildings, which can cater to the city's growing population, and shopping centers, which can take advantage of the city's strategic location. Overall, Meridian presents a unique opportunity for investors to capitalize on the growing demand for hotels and other property types in the area.
What factors should I consider when buying a hotel in Meridian?
When considering buying a hotel in Meridian, there are several key factors to take into account, including:
- The current market conditions, with 2 available listings of hotels, an average price per square foot of $318 USD, and an average size of 6,612 square feet, as well as a largest size of 8,524 square feet.
- The local economy, which is driven by industries such as agriculture, manufacturing, and transportation, and is home to major employers like Scentsy, Blue Cross of Idaho, and St. Luke's Health System, which can impact the demand for hotel rooms.
- The city's infrastructure, including major roads like Black Cat, Ten Mile, and Chinden, as well as the I-84 highway and the Union Pacific Railroad spur, which can affect the accessibility and visibility of the hotel, and the availability of commercial real estate loans, as explained in our article on CRE loans, which can be used to finance the purchase.
How is the value of a hotel for sale typically calculated?
When evaluating a hotel for sale in Meridian, Idaho, the value is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income-generating potential, operating expenses, and market conditions. To learn more about the CRE appraisal process and how it impacts hotel valuations, check out our in-depth article at CRE appraisals.
