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Hotel-Motel

Four Points by Sheraton Salt Lake City Airport

200 Admiral Byrd Rd, Salt Lake City, UT 84116

Listing Price: $21,500,000

Number of Rooms
155
RevPAR
$42
Gross SF
73,013
Price/Room
$138,710
Price/Gross SF
$294.47
Year Built
1986

Investment Overview

Marcus & Millichap is proud to present the Four Points by Sheraton Salt Lake City Airport, a four-story Marriott-branded hotel ideally located three miles to Salt Lake City International Airport, with excellent access to and from Interstates 80 and 215. The property was completely renovated in 2019, with no outstanding PIP items remaining. This well-appointed hotel consists of 155 guest rooms and several amenities including a seasonal heated outdoor pool, sauna, fitness center, three meeting rooms, onsite restaurant, and patio with shaded seating area and firepit. The Four Points by Sheraton Salt Lake City Airport represents the opportunity to acquire an upscale hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the greater Salt Lake City region.

Investment Highlights

  • Upscale Marriott-Branded Hotel in the Desirable Salt Lake City Market
  • Fully Renovated in 2019 | No PIP Required
  • 3 Miles to Salt Lake City International Airport | 26M Passengers in 2019
  • Conveniently Located Off of Interstate 80 (~124k VPD)
  • Short Drive to The University of Utah, Westminster College and Several Medical Centers
  • Nearby Attractions Include Utah State Fairpark, Vivint Arena, Smith's Ballpark, Temple Square, State Capitol Building and The Great Saltair Concert Hall

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) UT: 12256000-PB00

    Utah

Hotel-Motel

Four Points by Sheraton Salt Lake City Airport

Listing Price: $21,500,000

Number of Rooms
155
RevPAR
$42
Gross SF
73,013
Price/Room
$138,710
Price/Gross SF
$294.47
Year Built
1986

Investment Highlights

  • Upscale Marriott-Branded Hotel in the Desirable Salt Lake City Market
  • Fully Renovated in 2019 | No PIP Required
  • 3 Miles to Salt Lake City International Airport | 26M Passengers in 2019
  • Conveniently Located Off of Interstate 80 (~124k VPD)
  • Short Drive to The University of Utah, Westminster College and Several Medical Centers
  • Nearby Attractions Include Utah State Fairpark, Vivint Arena, Smith's Ballpark, Temple Square, State Capitol Building and The Great Saltair Concert Hall

Investment Overview

Marcus & Millichap is proud to present the Four Points by Sheraton Salt Lake City Airport, a four-story Marriott-branded hotel ideally located three miles to Salt Lake City International Airport, with excellent access to and from Interstates 80 and 215. The property was completely renovated in 2019, with no outstanding PIP items remaining. This well-appointed hotel consists of 155 guest rooms and several amenities including a seasonal heated outdoor pool, sauna, fitness center, three meeting rooms, onsite restaurant, and patio with shaded seating area and firepit. The Four Points by Sheraton Salt Lake City Airport represents the opportunity to acquire an upscale hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the greater Salt Lake City region.

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): UT: 12256000-PB00

    Utah

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