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Hotel-Motel

Motel 6

621 E Plaza Ln, Laramie, WY 82070

Listing Price: Request For Offer

Number of Rooms
99
RevPAR
$19
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to offer this 99 room Motel 6 hotel located in the College Town of Laramie, WY. Laramie is the home to University of Wyoming & only 45m drive to Cheyenne & about 2 hours from Denver. Owner is not locally, and has been leaving the hotel operations to the General Manager. Hotel is underperforming the comp set, and a new owner has potential upside. Great hotel for Owner-Operator with a large Owner's Suite they can live in. Hotel is well maintained with large capital improvements including new chiller, roof, water heater, and stucco. Potential for a Buyer to convert to apartments after paying liquidated damages to the franchise company. We are seeing such hotels being converted to student housing; affordable and workforce housing, Located in Opportunity Zone with Tax Advantages.

Investment Highlights

  • 99 Room Exterior Corridor Hotel in Good Condition
  • Close to Interstate I-80 with Great Visibility
  • Located in College Town of University of Wyoming
  • Opportunity Zone with Tax Advantages
  • 64.6% RevPAR Index on T-12 June 2021 STR Report, Showing Upside Potential for Buyer
  • Owner Is Not Local and Has Been Leaving Operations to a General Manager
  • Large Suite For On-Site Owner-Operator or Live-In General Manager
  • 45 Minutes from Cheyenne (Capital of Wyoming) and 2 Hours from Denver (Capital of Denver)

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s) WY: RE-13688

    Wyoming

Financing By

Listing Price: Request For Offer

Number of Rooms
99
RevPAR
$19
Year Built
1980

Investment Highlights

  • 99 Room Exterior Corridor Hotel in Good Condition
  • Close to Interstate I-80 with Great Visibility
  • Located in College Town of University of Wyoming
  • Opportunity Zone with Tax Advantages
  • 64.6% RevPAR Index on T-12 June 2021 STR Report, Showing Upside Potential for Buyer
  • Owner Is Not Local and Has Been Leaving Operations to a General Manager
  • Large Suite For On-Site Owner-Operator or Live-In General Manager
  • 45 Minutes from Cheyenne (Capital of Wyoming) and 2 Hours from Denver (Capital of Denver)

Investment Overview

Marcus & Millichap is pleased to offer this 99 room Motel 6 hotel located in the College Town of Laramie, WY. Laramie is the home to University of Wyoming & only 45m drive to Cheyenne & about 2 hours from Denver. Owner is not locally, and has been leaving the hotel operations to the General Manager. Hotel is underperforming the comp set, and a new owner has potential upside. Great hotel for Owner-Operator with a large Owner's Suite they can live in. Hotel is well maintained with large capital improvements including new chiller, roof, water heater, and stucco. Potential for a Buyer to convert to apartments after paying liquidated damages to the franchise company. We are seeing such hotels being converted to student housing; affordable and workforce housing, Located in Opportunity Zone with Tax Advantages.

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2035

    License(s): WY: RE-13688

    Wyoming

Financing By

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