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Hotel-Motel

Holiday Inn Express & Suites Minden

1659 NV-88, Minden, NV 89423

Listing Price: $16,200,000

Cap Rate
10.20%
Number of Rooms
81
RevPAR
$108
Gross SF
48,789
Price/Room
$200,000
Price/Gross SF
$332.04
Year Built
2009

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Minden, a three-story limited service hotel conveniently located off of U.S. Route 395 in Minden, Nevada. The hotel consists of 81 guest rooms and offers amenities including an indoor pool & spa, business center, fitness center, spacious lobby/great room, complimentary breakfast, guest laundry facilities and 648 square feet of meeting space. Minden is located at the southern end of the Reno-Tahoe-Carson City market and just 15 miles from Lake Tahoe, the largest alpine lake in North America. The Holiday Inn Express & Suites Minden 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 Reno-Tahoe-Carson City metro.

Investment Highlights

  • Formula Blue PIP Completed in 2020
  • 13 Miles to Carson City, Nevada's State Capital
  • 15 Miles to Lake Tahoe, the Largest Alpine Lake in North America (~10M Visitors Per Year)
  • 1/2 Hour Drive to Western Nevada College & Carson Tahoe Regional Medical Center
  • 1-Hour Drive to Tahoe Reno Industrial Center, the World's Largest Industrial Park
  • Other Nearby Attractions Include Carson Valley Inn Casino, Dangberg Home Ranch Historic Park, Casino Fandango, State Capitol Building & Heavenly Mountain Ski Resort

Exclusively Listed By

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) NV: B.1002463.CORP

    Nevada

Hotel-Motel

Holiday Inn Express & Suites Minden

Listing Price: $16,200,000

Cap Rate
10.20%
Number of Rooms
81
RevPAR
$108
Gross SF
48,789
Price/Room
$200,000
Price/Gross SF
$332.04
Year Built
2009

Investment Highlights

  • Formula Blue PIP Completed in 2020
  • 13 Miles to Carson City, Nevada's State Capital
  • 15 Miles to Lake Tahoe, the Largest Alpine Lake in North America (~10M Visitors Per Year)
  • 1/2 Hour Drive to Western Nevada College & Carson Tahoe Regional Medical Center
  • 1-Hour Drive to Tahoe Reno Industrial Center, the World's Largest Industrial Park
  • Other Nearby Attractions Include Carson Valley Inn Casino, Dangberg Home Ranch Historic Park, Casino Fandango, State Capitol Building & Heavenly Mountain Ski Resort

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Minden, a three-story limited service hotel conveniently located off of U.S. Route 395 in Minden, Nevada. The hotel consists of 81 guest rooms and offers amenities including an indoor pool & spa, business center, fitness center, spacious lobby/great room, complimentary breakfast, guest laundry facilities and 648 square feet of meeting space. Minden is located at the southern end of the Reno-Tahoe-Carson City market and just 15 miles from Lake Tahoe, the largest alpine lake in North America. The Holiday Inn Express & Suites Minden 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 Reno-Tahoe-Carson City metro.

Exclusively Listed By

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): NV: B.1002463.CORP

    Nevada

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