Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Grand Idaho Inn & Suites and Peak Extended Stay, a hospitality property ideally located off of Interstate 15 in Pocatello, Idaho. The property offers several amenities including a large indoor courtyard with a heated pool (the largest hotel pool in Pocatello), game room, and fitness center. Also offered is a restaurant/bar and 7 meeting/event spaces. The property, previously a Clarion hotel, is now a mix of hotel and extended-stay property, featuring 156 hotel guest rooms and 50 extended-stay guest rooms. Several renovations and capital improvements have been completed within the last 3 years, with recent CapEx totaling more than $850,000. Situated on 8.42 acres, the investment offers room to expand the hotel, or parcel off the excess land and sell it. The Grand Idaho Inn & Suites and Peak Extended Stay represents the opportunity to acquire a mixed hotel/extended-stay property in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Pocatello region.