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Hotel-Motel

720 West 5th Avenue

720 W 5th Ave, Anchorage, AK 99501

Listing Price: $49,000,000

Cap Rate
10.40%
Number of Rooms
200
RevPAR
$186
Gross SF
125,629
Price/Room
$245,000
RRM
3.60
Price/Gross SF
$390.04
Year Built
1970

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space.

The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs.

Investment Highlights

  • Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
  • Property can Remain Independent or be Converted to a Franchise
  • Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
  • High Barriers to Entry in the Downtown Anchorage Market
  • Offered Below Replacement Cost
  • Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More
  • 2 Miles to the Port of Alaska, the State's Primary Inbound-Cargo Port
  • Minutes to Ted Stevens Anchorage International Airport, Joint Base Elmendorf-Richardson and University of Alaska Anchorage

Exclusively Listed By

Broker of Record

  • Carlton Smith

    Broker Of Record

    (907) 463-4800

    License(s) REC B 10266

    Alaska

Hotel-Motel

720 West 5th Avenue

Listing Price: $49,000,000

Cap Rate
10.40%
Number of Rooms
200
RevPAR
$186
Gross SF
125,629
Price/Room
$245,000
RRM
3.60
Price/Gross SF
$390.04
Year Built
1970

Investment Highlights

  • Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
  • Property can Remain Independent or be Converted to a Franchise
  • Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
  • High Barriers to Entry in the Downtown Anchorage Market
  • Offered Below Replacement Cost
  • Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More
  • 2 Miles to the Port of Alaska, the State's Primary Inbound-Cargo Port
  • Minutes to Ted Stevens Anchorage International Airport, Joint Base Elmendorf-Richardson and University of Alaska Anchorage

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space. The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs.

Exclusively Listed By

Broker of Record

  • Carlton Smith

    Broker Of Record

    (907) 463-4800

    License(s): REC B 10266

    Alaska

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