Description
KW Commercial is pleased to present the exclusive listing of the Scipio hotel in Scipio, Utah. This is an exceptional investment opportunity with Value Add Potential. The offering is a 32-key interior corridor hotel located right off the Interstate 15. The property is currently run as a non franchised independent hotel operation. The two-story building was built in 2001 and has an onsite manager's apartment. It's prime location, situated at the crossroads of major highways, makes it easily accessible to travelers from all corners of the country. It's also the gateway to Northern and Southern Utah with it being 1 hour 40 minutes to Salt Lake City and 2 hours 30 minutes to St. George. Currently the hotel is owned by an absentee owner. Great potential to increase revenue with a hands on owner operator, a possible franchise conversion play, or renovations to increase income. With pricing at $2,000,000 this puts you at only $62,500/key and a price per square foot of only $108.61, which sits far below the replacement cost. Scipio hotel combines comfort, convenience, and a promising investment potential, making it an enticing choice for investors seeking a thriving hospitality venture. Property used to have a pool that is no longer in operation. The current owner had plans to replace the space with 4-5 suites to generate additional revenue but did not get the chance. Reach out to the listing agents for the financial packet.
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0BEDS
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1.66ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
KW Commercial is pleased to present the exclusive listing of the Scipio hotel in Scipio, Utah. This is an exceptional investment opportunity with Value Add Potential. The offering is a 32-key interior corridor hotel located right off the Interstate 15. The property is currently run as a non franchised independent hotel operation. The two-story building was built in 2001 and has an onsite manager's apartment. It's prime location, situated at the crossroads of major highways, makes it easily accessible to travelers from all corners of the country. It's also the gateway to Northern and Southern Utah with it being 1 hour 40 minutes to Salt Lake City and 2 hours 30 minutes to St. George. Currently the hotel is owned by an absentee owner. Great potential to increase revenue with a hands on owner operator, a possible franchise conversion play, or renovations to increase income. With pricing at $2,000,000 this puts you at only $62,500/key and a price per square foot of only $108.61, which sits far below the replacement cost. Scipio hotel combines comfort, convenience, and a promising investment potential, making it an enticing choice for investors seeking a thriving hospitality venture. Property used to have a pool that is no longer in operation. The current owner had plans to replace the space with 4-5 suites to generate additional revenue but did not get the chance. Reach out to the listing agents for the financial packet.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-29T23:39:36.46. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.