Hotel-Motel
Aloha Inn
255 N McCarran Blvd, Sparks, NV 89431
Listing Price: $11,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Aloha Inn, a three-story limited service hotel conveniently located off of Interstate 80 in Sparks, Nevada. The hotel consists of 130 guest rooms and offers amenities including a spacious lobby and guest laundry facilities. Sparks is located 5 miles east of Downtown Reno and a 30-minute drive to Carson City, the state's capital city.
The Aloha Inn represents the opportunity to acquire a franchised hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Reno-Sparks-Carson City market.
The Aloha Inn is suitable for a multifamily conversion.
Aloha Inn
Investment Highlights
- Suitable for a Multifamily Conversion
- Conveniently Located Off of Interstate 80
- 15-Minute Drive to Tahoe Reno Industrial Center, The World's Largest Industrial Park
- More Than 10 Casinos Within a 10-Minute Drive
- The Reno-Sparks-Carson City Metro has Diversified into an Emerging High-Tech Manufacturing and Logistics Hub in Western Nevada, Boosting Employment Opportunities
- 4 Miles to Reno-Tahoe International Airport (4.5M Passengers in 2019)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $11,500,000
Investment Highlights
- Suitable for a Multifamily Conversion
- Conveniently Located Off of Interstate 80
- 15-Minute Drive to Tahoe Reno Industrial Center, The World's Largest Industrial Park
- More Than 10 Casinos Within a 10-Minute Drive
- The Reno-Sparks-Carson City Metro has Diversified into an Emerging High-Tech Manufacturing and Logistics Hub in Western Nevada, Boosting Employment Opportunities
- 4 Miles to Reno-Tahoe International Airport (4.5M Passengers in 2019)
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Aloha Inn, a three-story limited service hotel conveniently located off of Interstate 80 in Sparks, Nevada. The hotel consists of 130 guest rooms and offers amenities including a spacious lobby and guest laundry facilities. Sparks is located 5 miles east of Downtown Reno and a 30-minute drive to Carson City, the state's capital city. The Aloha Inn represents the opportunity to acquire a franchised hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Reno-Sparks-Carson City market. The Aloha Inn is suitable for a multifamily conversion.
Exclusively Listed By
Broker of Record
Financing By
