Hotel-Motel

Red Lion Hotel Pocatello

1555 Pocatello Creek Rd, Pocatello, ID 83201

Listing Price: $5,995,000

Cap Rate
7.27%
Number of Rooms
150
RevPAR
$34
Price/Room
$39,967
RRM
3.13
Year Built
1979

Investment Overview

Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Red Lion Pocatello. The 150-room interior corridor hotel recently renovated in 2017-2018, features nine meeting spaces, a banquet hall, a conference center, restaurant and indoor patio. Additional revenue is generated from the nearby college, Idaho State University, who frequently host events and meetings at the hotel's conference center. The Red Lion Pocatello is being offered for sale for $6,400,000 or $37,000 per key. Priced with a capitalization rate of 8% or 3 times 2018's year-end room revenue, this hotel offers significant upside potential for a new investor. Recent renovations over the past year have reduced the PIP requirements for a new owner.

The hotel is offered fee simple and unencumbered by debt and management.

Located in the heart of Pocatello, this hotel is 2.7 mi (4.3 km) from Holt Arena and 3 mi (4.8 km) from Idaho State University (ISU). Portneuf Medical Center and L.E. and Thelma E. Stephens Performing Arts Center are also within 6 mi (10 km).

Investment Highlights

  • Large Banquet Hall and Event Centers
  • Price per key is below replacement cost
  • Recently renovated in 2017 - 2018
  • Restaurant / Bar & Lounge

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

Listing Price: $5,995,000

Cap Rate
7.27%
Number of Rooms
150
RevPAR
$34
Price/Room
$39,967
RRM
3.13
Year Built
1979

Investment Highlights

  • Large Banquet Hall and Event Centers
  • Price per key is below replacement cost
  • Recently renovated in 2017 - 2018
  • Restaurant / Bar & Lounge

Investment Overview

Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Red Lion Pocatello. The 150-room interior corridor hotel recently renovated in 2017-2018, features nine meeting spaces, a banquet hall, a conference center, restaurant and indoor patio. Additional revenue is generated from the nearby college, Idaho State University, who frequently host events and meetings at the hotel's conference center. The Red Lion Pocatello is being offered for sale for $6,400,000 or $37,000 per key. Priced with a capitalization rate of 8% or 3 times 2018's year-end room revenue, this hotel offers significant upside potential for a new investor. Recent renovations over the past year have reduced the PIP requirements for a new owner.

The hotel is offered fee simple and unencumbered by debt and management.

Located in the heart of Pocatello, this hotel is 2.7 mi (4.3 km) from Holt Arena and 3 mi (4.8 km) from Idaho State University (ISU). Portneuf Medical Center and L.E. and Thelma E. Stephens Performing Arts Center are also within 6 mi (10 km).

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

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