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Hotel-Motel

Park Inn by Radisson Cheyenne (Formerly Motel 6)

1735 Westland Rd, Cheyenne, WY 82001

Listing Price: $6,000,000

Cap Rate
9.90%
Number of Rooms
109
RevPAR
$37
Gross SF
116,740
Price/Room
$55,046
RRM
4.00
Price/Gross SF
$51.40
Year Built
1975

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Park Inn by Radisson Cheyenne formerly a Motel 6 property. This property is a 2-story, exterior corridor hotel with 109 rooms, ideally located off major Interstate 25 and 80, with easy access for transient travelers and great visibility, as well as convenient access to Cheyenne's top attractions. The property is a newly renovated asset (2024).

Enjoy amenities such as; pet-friendly options, complimentary breakfast and a seasonal swimming pool. The property is also located just 3.7 miles away from the Cheyenne Regional Airport, and close to great attractions such as Cheyenne Frontier Days, Cheyenne Ice & Event Center, Terry Bison Ranch Resort, and the Historic Downtown Cheyenne.

Investment Highlights

  • Turnkey 2 Story Franchised Hotel
  • Ideally located off Interstate 25
  • 3.7 Miles from Cheyenne Regional Airport
  • 0.8 Miles from City of Cheyenne Ice & Events Center
  • 2.6 Miles from Cheyenne Frontier Day Museum
  • In 2023, Wyoming saw 7.5 million tourists

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) WY: RE-16571

    Wyoming

Financing By

Hotel-Motel

Park Inn by Radisson Cheyenne (Formerly Motel 6)

Listing Price: $6,000,000

Cap Rate
9.90%
Number of Rooms
109
RevPAR
$37
Gross SF
116,740
Price/Room
$55,046
RRM
4.00
Price/Gross SF
$51.40
Year Built
1975

Investment Highlights

  • Turnkey 2 Story Franchised Hotel
  • Ideally located off Interstate 25
  • 3.7 Miles from Cheyenne Regional Airport
  • 0.8 Miles from City of Cheyenne Ice & Events Center
  • 2.6 Miles from Cheyenne Frontier Day Museum
  • In 2023, Wyoming saw 7.5 million tourists

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Park Inn by Radisson Cheyenne formerly a Motel 6 property. This property is a 2-story, exterior corridor hotel with 109 rooms, ideally located off major Interstate 25 and 80, with easy access for transient travelers and great visibility, as well as convenient access to Cheyenne's top attractions. The property is a newly renovated asset (2024). Enjoy amenities such as; pet-friendly options, complimentary breakfast and a seasonal swimming pool. The property is also located just 3.7 miles away from the Cheyenne Regional Airport, and close to great attractions such as Cheyenne Frontier Days, Cheyenne Ice & Event Center, Terry Bison Ranch Resort, and the Historic Downtown Cheyenne.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): WY: RE-16571

    Wyoming

Financing By

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