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Hotel-Motel

Holiday Inn Express & Suites Murray

5429 Commerce Dr, Murray, UT 84107

Listing Price: $15,200,000

Cap Rate
5.10%
Number of Rooms
114
RevPAR
$59
Gross SF
66,963
Price/Room
$133,333
Price/Gross SF
$226.99
Year Built
2014

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Murray, a four-story limited service hotel conveniently located off of Interstate 15 in Murray, Utah. The hotel consists of 114 guest rooms and offers amenities including an outdoor pool & spa, business center, fitness center, complimentary breakfast, guest laundry facilities and 6,600 square feet of meeting space. Murray is a suburb of Salt Lake City and is only a 10 minute drive to the downtown area. The Holiday Inn Express & Suites Murray represents the opportunity to acquire a franchised hotel in a strong 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 Salt Lake City metro.

Investment Highlights

  • Conveniently Located Off of Interstate 15 (289k+ VPD)
  • 1 Mile to Intermountain Medical Center, the Largest Hospital in the Intermountain West
  • Short Drive to Rio Tinto Stadium (MLS Real Salt Lake), Smith's Ballpark (MiLB Bees) & Vivint Arena (NBA Jazz)
  • Other Nearby Attractions Include Utah State Fairpark, Hogle Zoo & Temple Square, the Most-Visited Attraction in Utah
  • Within 8 Miles of Mountain America Expo Center & Salt Palace Convention Center
  • Within 10 Miles of Westminster College & The University of Utah
  • Less Than a 10-Minute Drive to Downtown Salt Lake City
  • 12 Miles to Salt Lake City International Airport (26M+ Passengers in 2019)

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) UT: 12256000-PB00

    Utah

Hotel-Motel

Holiday Inn Express & Suites Murray

Listing Price: $15,200,000

Cap Rate
5.10%
Number of Rooms
114
RevPAR
$59
Gross SF
66,963
Price/Room
$133,333
Price/Gross SF
$226.99
Year Built
2014

Investment Highlights

  • Conveniently Located Off of Interstate 15 (289k+ VPD)
  • 1 Mile to Intermountain Medical Center, the Largest Hospital in the Intermountain West
  • Short Drive to Rio Tinto Stadium (MLS Real Salt Lake), Smith's Ballpark (MiLB Bees) & Vivint Arena (NBA Jazz)
  • Other Nearby Attractions Include Utah State Fairpark, Hogle Zoo & Temple Square, the Most-Visited Attraction in Utah
  • Within 8 Miles of Mountain America Expo Center & Salt Palace Convention Center
  • Within 10 Miles of Westminster College & The University of Utah
  • Less Than a 10-Minute Drive to Downtown Salt Lake City
  • 12 Miles to Salt Lake City International Airport (26M+ Passengers in 2019)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Murray, a four-story limited service hotel conveniently located off of Interstate 15 in Murray, Utah. The hotel consists of 114 guest rooms and offers amenities including an outdoor pool & spa, business center, fitness center, complimentary breakfast, guest laundry facilities and 6,600 square feet of meeting space. Murray is a suburb of Salt Lake City and is only a 10 minute drive to the downtown area. The Holiday Inn Express & Suites Murray represents the opportunity to acquire a franchised hotel in a strong 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 Salt Lake City metro.

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): UT: 12256000-PB00

    Utah

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