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Hotel-Motel

Aloha Inn

255 N McCarran Blvd, Sparks, NV 89431

Listing Price: $11,500,000

Number of Rooms
130
RevPAR
$46
Gross SF
58,806
Price/Room
$88,462
Price/Gross SF
$195.56
Year Built
1985

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.

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

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Financing By

Listing Price: $11,500,000

Number of Rooms
130
RevPAR
$46
Gross SF
58,806
Price/Room
$88,462
Price/Gross SF
$195.56
Year Built
1985

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

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

Financing By

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