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Red Lion Inn & Suites Post Falls 4100 W Riverbend Ave

71 Room Hotel Post Falls, ID 83854 £4,102,800 (£57,786/Room)

Executive Summary

Located at 4100 W Riverbend Ave, Post Falls, ID 83854. Property on 2nd exit of interstate 90 Entering to ID, also one mile from Spokane valley. This hotel presents a rare investment opportunity in a thriving region. With its prime location one mile from the scenic Spokane River and a easy access to I-90 along with other major highways, this property caters to both leisure and business travelers.

Property Facts

Price £4,102,800
Price Per Room £57,786
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.12 AC
Building Size 28,596 SF
No. Rooms 71
Number of Floors 2
Year Built/Renovated 1988/2001
Tenancy Single
Parking Ratio 1.76/1,000 SF
Corridor Interior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free

About 4100 W Riverbend Ave , Post Falls, ID 83854

Situated in a growing area of Post Falls, the hotel benefits from proximity to outdoor recreational activities, shopping centers, and key attractions such as Coeur d'Alene Lake and downtown Spokane. The hotel has a solid historical occupancy rate and revenue stream, bolstered by the region's increasing tourism and business travel. With the right management and marketing strategies, there is significant potential for revenue growth. The hotel features contemporary guest rooms, out side pool, a fitness facility, and an inviting lobby, ensuring a comfortable stay for all guests. Ideal for various operational strategies, whether you choose to maintain the current brand or rebrand to capture niche markets. The property can also be adapted for extended stays, catering to a diverse clientele. Post Falls and the surrounding areas are experiencing population growth and economic development, positioning this hotel to capture an expanding market of travelers seeking quality accommodations. This property is not just a hotel; it’s an investment in a flourishing community with immense potential. By acquiring this hotel, you will position yourself to capitalize on the robust growth of the Post Falls area and deliver exceptional value to guests, ensuring a sustainable and profitable operation. Don’t miss this chance to own a prime piece of real estate in a dynamic market.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 71 £129.40 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
P7525001018A
Land Assessment
£392,840
Improvements Assessment
£1,996,295
Total Assessment
£2,389,135

zoning

Zoning Code CCS (Commercial)
CCS (Commercial)
  • Listing ID: 33358788

  • Date on Market: 30/09/2024

  • Last Updated:

  • Address: 4100 W Riverbend Ave, Post Falls, ID 83854

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