Grand Idaho Inn and Suites | 1399 Bench Rd
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Grand Idaho Inn and Suites 1399 Bench Rd
206 Room Hotel Pocatello, ID 83201 £8,215,725 (£39,882/Room)
Investment Highlights
- 11.9% Cap Rate
- ~$100K in Upcoming Capital Improvements (Stucco & Exterior)
- Ideally Located Off of Interstate 15, Just 4 Miles to Historic Downtown Pocatello
- $850K+ in Recent Capital Improvements & Renovations
- Situated on 8.42 Acres | Potential to Expand or Separate Parcel & Sell Excess Land
- Surrounded by Tens of State and National Parks | Transient Demand to-and-from Yellowstone National Park
Executive Summary
Price Reduced: 11.9% Cap Rate | Extended-Stay Hotel
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Grand Idaho Inn & Suites and Peak Extended Stay, a hospitality property ideally located off of Interstate 15 in Pocatello, Idaho. The property offers several amenities including a large indoor courtyard with a heated pool (the largest hotel pool in Pocatello), game room, and fitness center. Also offered is a restaurant/bar and 7 meeting/event spaces.
The property, previously a Clarion hotel, is now a mix of hotel and extended-stay property, featuring 156 hotel guest rooms and 50 extended-stay guest rooms. Several renovations and capital improvements have been completed within the last 3 years,
with recent CapEx totaling more than $850,000. As of May 2024, the owner is also working on putting ~$100,000 into the improving the stucco and exterior of the property. Situated on 8.42 acres, the investment offers room to expand the hotel, or parcel off the excess land and sell it.
The Grand Idaho Inn & Suites and Peak Extended Stay represents the opportunity to acquire a renovated property in a stable market near several demand drivers. This offering boasts significant upside due to several spaces at the hotel being unutilized, as well as management and operating efficiencies. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Pocatello region.
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Grand Idaho Inn & Suites and Peak Extended Stay, a hospitality property ideally located off of Interstate 15 in Pocatello, Idaho. The property offers several amenities including a large indoor courtyard with a heated pool (the largest hotel pool in Pocatello), game room, and fitness center. Also offered is a restaurant/bar and 7 meeting/event spaces.
The property, previously a Clarion hotel, is now a mix of hotel and extended-stay property, featuring 156 hotel guest rooms and 50 extended-stay guest rooms. Several renovations and capital improvements have been completed within the last 3 years,
with recent CapEx totaling more than $850,000. As of May 2024, the owner is also working on putting ~$100,000 into the improving the stucco and exterior of the property. Situated on 8.42 acres, the investment offers room to expand the hotel, or parcel off the excess land and sell it.
The Grand Idaho Inn & Suites and Peak Extended Stay represents the opportunity to acquire a renovated property in a stable market near several demand drivers. This offering boasts significant upside due to several spaces at the hotel being unutilized, as well as management and operating efficiencies. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Pocatello region.
Property Facts
| Price | £8,215,725 | Lot Size | 7.57 AC |
| Price Per Room | £39,882 | Building Size | 85,000 SF |
| Sale Type | Investment | No. Rooms | 206 |
| Property Type | Hospitality | Number of Floors | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1965/2018 |
| Building Class | C | Corridor | Interior |
| Price | £8,215,725 |
| Price Per Room | £39,882 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 7.57 AC |
| Building Size | 85,000 SF |
| No. Rooms | 206 |
| Number of Floors | 2 |
| Year Built/Renovated | 1965/2018 |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | £97.81 | - |
| Guest Room | 198 | £73.55 | - |
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PROPERTY TAXES
| Parcel Number | RPCPP011700 | Improvements Assessment | £2,484,890 |
| Land Assessment | £1,918,301 | Total Assessment | £4,403,191 |
PROPERTY TAXES
Parcel Number
RPCPP011700
Land Assessment
£1,918,301
Improvements Assessment
£2,484,890
Total Assessment
£4,403,191
zoning
| Zoning Code | C-2 |
| C-2 |
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Grand Idaho Inn and Suites | 1399 Bench Rd
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