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Hotel-Motel

Holiday Inn Express & Suites Carson City

4055 N Carson St, Carson City, NV 89706

Listing Price: $15,500,000

Cap Rate
6.20%
Number of Rooms
84
RevPAR
$78
Gross SF
47,184
Price/Room
$184,524
Price/Gross SF
$328.50
Year Built
2003

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Carson City, a three-story limited service hotel conveniently located between Interstate 580 and U.S. Route 395 in Carson City, Nevada. The hotel consists of 84 guest rooms and offers amenities including an indoor pool & spa, business center, fitness center, spacious lobby/great room, complimentary breakfast, guest laundry facilities and 240 square feet of meeting space. Carson City is located 25 miles south of Reno and just 15 miles from Lake Tahoe, the largest alpine lake in North America. The Holiday Inn Express & Suites Carson City 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 2017
  • Located in Carson City, Nevada's State Capital
  • 1 Mile to Western Nevada College and Carson Tahoe Regional Medical Center
  • More Than 10 Casinos Within a 10-Minute Drive
  • 15 Miles to Lake Tahoe, the Largest Alpine Lake in North America (~10M Visitors Per Year)
  • 45-Minute Drive to Tahoe Reno Industrial Center, the World's Largest Industrial Park

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 Carson City

Listing Price: $15,500,000

Cap Rate
6.20%
Number of Rooms
84
RevPAR
$78
Gross SF
47,184
Price/Room
$184,524
Price/Gross SF
$328.50
Year Built
2003

Investment Highlights

  • Formula Blue PIP Completed in 2017
  • Located in Carson City, Nevada's State Capital
  • 1 Mile to Western Nevada College and Carson Tahoe Regional Medical Center
  • More Than 10 Casinos Within a 10-Minute Drive
  • 15 Miles to Lake Tahoe, the Largest Alpine Lake in North America (~10M Visitors Per Year)
  • 45-Minute Drive to Tahoe Reno Industrial Center, the World's Largest Industrial Park

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Carson City, a three-story limited service hotel conveniently located between Interstate 580 and U.S. Route 395 in Carson City, Nevada. The hotel consists of 84 guest rooms and offers amenities including an indoor pool & spa, business center, fitness center, spacious lobby/great room, complimentary breakfast, guest laundry facilities and 240 square feet of meeting space. Carson City is located 25 miles south of Reno and just 15 miles from Lake Tahoe, the largest alpine lake in North America. The Holiday Inn Express & Suites Carson City 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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