Embed Size (px)
Citation preview
34827
243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com
Exclusively Listed by:
www.naihospitality.com
FOR
SALE | H
OTEL
480 W. MainEscalante, UT 84726
OFFERING MEMORANDUM
Greg Whitehead, MBAoffice: direct: email:
Gregg McArthur, MBAoffice: direct: email:
480 W. Main Street • Escalante, Utah 84726
CONFIDENTIALITY & DISCLAIMER
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principal. no warranties or representations are made as to the condition of the property or any hazards contained therein are to be implied. The information portrayed on the map, while not guaranteed, has been secured from sources deemed reliable. Consult a surveyor for precise boundaries.
NAI Excel | naiexcel.comGreg Whitehead | Gregg McArthurOffered By:
PROPERTY DESCRIPTION
PROPERTY SUMMARY
PROPERTY PHOTOS
LOCATION MAPS
DEMOGRAPHIC ANALYSIS
AREA INFORMATION
01
02
05
10
12
13
Table of Content
480 W. Main Street • Escalante, Utah 84726
NAI Excel | naiexcel.com
Property DescriptionNAI Excel Hospitality has been retained to represent the owner in the sale of this luxury retreat resort and
investment property. This beautiful hospitality property is located in the up and coming tourist community of
Escalante, UT on Scenic Byway 12 between Bryce Canyon and Capitol Reef National Parks. The property sits in
the heart of the Grand Staircase Escalante National Monument with incredible views in every direction. This is an
incredible lodging business opportunity for an owner/investor who would like to develop in this emerging market.
1Greg Whitehead | Gregg McArthurOffered By:
FOR
SALE | H
OTEL
Investment Highlights
• Includes ~10 Acres of Commercially Zoned Property in the Heart of Escalante
• Premier location on Highway 12.
• 8 Room Independent Luxury Retreat Property
• Spacious Manager’s Apartment and Large Owner’s Quarters
• Well built and property maintained property
• Includes 3 ½ shares of Water Rights
• Full Property is set up for expansion. (Over $150k in upgraded infrastructure including electrical service, irrigation lines and other improvements)
• Owner is a high-end general contractor with experience building hospitality properties. Owner is willing to with build out as business grows and provide plans.
Property and Room Amenities
• 55” Flat Screen TVs
• Luxury Mattresses and Linens
• High End Fixtures
• Complimentary WIFi Internet Access
• Microwave and Fridge in Each Room
• Direct Dial Phones
• Hard Wood Furniture
• Handicap Accessible Rooms
OFFERING TERMS
SALE PRICE
$2,600,000
FOR MORE INFORMATIONhttp://helloarti.com/view/34729
TEXT 18650 TO 39200
NAI Excel | naiexcel.com 2Greg Whitehead | Gregg McArthurOffered By:
Property SummaryPROPERTY Entrada Escalante
PROPERTY ADDRESS480 W. Main Street
Escalante, UT 84726
TAX ID E-2-1, E-212-1
FOUNDATION Concrete
FRAMING Wood
EXTERIOR Stucco
PARKING SURFACE Asphalt & Gravel
ROOF Asphalt Shingles
PLUMBING PVC
ELEVATOR NA
HVAC Central Air w/ Mini Splits
WATER Escalante City
PHONE South Central Communications
ELECTRIC Escalante City
GAS Questar Gas
HEATING SYSTEM Mini Splits
CONDITION OF HEATING SYSTEM Good
COOLING SYSTEM Mini Splits
CONDITION OF COOLING SYSTEM Good
TYPE OF BATH SHOWER Separate Shower and Tub
CONDITION OF BATH SHOWER Good
BATHROOM FLOORING TYPE Tile
CONDITION OF BATHROOM FLOORING Good
DRESSING AREA Ample
CONDITION OF DRESSING AREA Good
TYPE OF FURNITURE Solid Wood
CONDITION OF FURNITURE Good
WINDOW COVERINGS Blinds
CONDITION OF WINDOW COVERINGS Good
ROOM FLOOR COVERINGS Carpet
CONDITION OF FLOOR COVERINGS Good
WALL COVERINGS Textured/Painted
CONDITION OF WALL COVERINGS Good
TELEVISIONS 55"
CONDITION OF TELEVISIONS Good
MICROWAVE/REFRIGERATOR In Each Room
CONDITION OF MICROWAVE/REFRIGERATOR Good
PHONE SYSTEM Direct Dial
VOICE MAIL Phone with Voicemail
INTERNET ACCESS Wireless Internet
YEAR BUILT/RENOVATED 2014
LOT SIZE 9.51
TYPE OF OWNERSHIP Fee Simple
PARKING Ample
HANDICAP PARKING Available
TRUCK PARKING Available
PROPERTY TIER Luxury
LOCATION TYPE Rural
QUEEN QUEEN 2
KING 4
KING WITH FULL KITCHEN 2
MANAGERS UNIT 1 -2 Bedroom 1 Bath Apt.
OWNERS QUARTERS1 - Bedroom 1 Bath Apt. w/ 1,196
Storage and Office Space
TOTAL NUMBER OF ROOMS 8
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 3
The Offering
Construction/Mechanical
Utilities
Interior Room Detail
Site Description
Room Breakdowns
FOR
SALE | H
OTEL
NAME OF OUTLET Devils Garden Grill
TYPE OF OUTLET Sit Down Casual
LOCATION Nearby
DISTANCE .01 Miles
SERVES Southwest Cuisine
NAME OF OUTLET Circle D Eatery
TYPE OF OUTLET Sit Down Casual
LOCATION Nearby
DISTANCE .2 Miles
SERVES American Diner
NAME OF OUTLET Mimi's bakery
TYPE OF OUTLET Sit Down Casual
LOCATION Nearby
DISTANCE .3 Miles
SERVES Comfort Food
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 4
Food and Beverage Service
FRANCHISE PARENT COMPANY Independent
FRANCHISE AFFILIATION N/A
FRANCHISE ROYALTY FEE N/A
FRANCHISE SYSTEM FEE $0.00
TRANSFER FEE (PAID BY BUYER) None
HIGHWAY Highway 12
AIRPORTS St George (180 Miles)
Franchise
Transportation
FOR
SALE | H
OTEL
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 5
FOR
SALE | H
OTEL
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 6
FOR
SALE | H
OTEL
Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 7
FOR
LEASE | R
ETAIL
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 7
FOR
SALE | H
OTEL
DOUBLE QUEEN
Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 8
FOR
LEASE | R
ETAIL
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 8
FOR
SALE | H
OTEL
DELUXE KING
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 9
FOR
SALE | H
OTEL
SINGLE KING
SITE
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 10
Vegas
SITE
SITEPROSPECTOR INN
MAIN STREET
National Parks in Utah
NAI Excel | naiexcel.com 11Greg Whitehead | Gregg McArthurOffered By:
Site MapRing: 1 mile radius Carly Everett
Latitude: 37.7712Longitude: -111.6099
August 26, 2019
©2019 Esri Page 1 of 1
Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 12
POPULATION 1-mile 3-mile 5-mile
2018 Population 702 874 874
HOUSEHOLDS 1-mile 3-mile 5-mile
2018 Avg. Household Size 2.39 2.41 2.44
INCOME 1-mile 3-mile 5-mile
2018 Average HH Income $55,329 $55,435 $55,451
BUSINESS 1-mile 3-mile 5-mile
Total Businesses 60 68 75
Total Employees 444 504 555
DemographicsFO
R SA
LE | HO
TEL
FROM ESCALANTE
Salt Lake City, Utah 277 MILES
Las Vegas, Nevada 303 MILES
Los Angeles, California 571 MILES
San Deigo, California 632 MILES
Denver, Colorado 509 MILES
Phoenix, Arizona 480 MILES
243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com
Offered By:
Regional Parks VisitationDistance to Major Cities
Population/Economy
• Garfield County — 59,118
• Escalante — 802
• Median Income of $21,312
• Cost of Living Index of 96.5
• Unemployment Rate of 7.9%
• Median house value of $181,000
Escalante, Utah
The Escalante River Canyon and tributaries is a popular area among hikers.
The Escalante’s backcountry hiking trails boasts attractions such as:
• Active waterfalls
• Arches
• Narrow canyons
• Riparian oases
• Sculpted slickrock
Highlights of Escalante Canyons include Calf Creek Falls Recreation Area
and the Dry Fork trailhead 26.2 miles down the Hole-in-the-Rock Road,
which accesses the popular and short slot canyons Peek-a-boo and
Spooky Gulch, ideal for canyoneering trips.
2016 2011 2007 Distance
Zion National Park 4,317,028 2,847,403 2,679,181 115 MILES
Bryce Canyon National Park 2,365,110 1,285,492 1,012,563 49 MILES
Canyonlands National Park 776,218 435,908 417,560 226 MILES
Capitol Reef National Park 1,064,904 662,661 554,907 67 MILES
Arches National Park 1,585,718 1,014,405 860,181 215 MILES
Grand Canyon National Park 1,064,904 662,661 554,907 188 MILES
VIEW MARKET STATISTICS FOR OFFICE,
RETAIL, INDUSTRIAL & MULTIFAMILY AT
naiexcel.com/research
Greg Whitehead, MBAoffice: direct: email:
Gregg McArthur, MBAoffice: direct: email:
FOR
SALE | H
OTEL
