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Once In A Generation Investment Opportunity |
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315 Yellowstone Avenue
West Yellowstone, MT (Yellowstone National Park)
List Price: $
10,850,000
Property Type:
Lodging
Number of Units:
123
Cap Rate:
9.6
Website URL: http://www.yellowstone-conf-hotel.com |
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Excellent Opportunity in One of the Worlds Most Unique Locations
West Yellowstone is the western gateway to Yellowstone National Park, America's first National Park. The Yellowstone area is one of the most geologically diverse areas on earth. Throughout the year millions of tourists visit Yellowstone National Park to view its spectacular geysers, hot springs and geology, hike and ski its trails, fish its streams, snow coach and snow mobile its byways and experience the most spectacular wild animal viewing in North America. This investment is ideally located and is the only facility that can serve the summer and winter needs of the individual, family, group and conventioneers frequenting this destination market.
An Investment That Accommodates The Business Realities Of A Unique Market.
The Holiday Inn capitalizes on most market segments by offering 123 rooms and suites, indoor pool and exercise salon, 170 seat restaurant, 125 seat lounge/machine casino, gift & retail space (leased to 3rd party), conference center for up to 500, indoor parking/snow mobile storage & staging facility and a museum quality restored 1903 executive Oregon Short Line Railroad car tourist attraction. Included in the sale is the State Liquor License, subject to applicant approval and applicable fees. The franchise was renewed in 2007 and most of the required renovations and upgrades have been completed. Everything will be completed in 2008. The franchise is part of the sale and subject to typical approvals by the franchiser. The Holiday Inn is part of a larger W. Yellowstone portfolio owned by the sellers. All or part of the additional properties in the portfolio are available for sale.
Conventional and/or Seller Financing
This investment will meet lender requirements for conventional financing of 75% LTV; 25 year amortization and current market rates.
At Seller's sole descretion, Seller may provide some or all of the financing. |
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