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Bisbee Grand Hotel 61 Main St

13 Room Hotel Bisbee, AZ 85603 £2,187,405 (£168,262/Room)

Executive Summary

The Historic Bisbee Grand Hotel, is a charming 13 room hotel including 5 large suites with a bar/restaurant establishment that marries the allure of history with timeless live entertainment. Rarely does a property blend historical significance, modern amenities, and live entertainment as harmoniously as the Historic Bisbee Grand Hotel. Situated in the heart of downtown Bisbee, this investment offers not only the chance to own a piece of history but also to partake in Bisbee's thriving tourism industry. The hotel is a well-established and successful operation, generating a steady stream of revenue from room bookings, dining, drinks and live entertainment. A new owner can seamlessly step into this turnkey venture and capitalize on its existing reputation and customer base.
Potential Buyers/Agents: Must provide proof of funds/financial statement prior to viewing property and also sign NDA prior to seller providing financial reports. Please do not contact the Sellers, Manager or Employees, all questions to be directed to Listing Agents.

Recent Upgrades:
Exterior Upgrades:
Back patio made into lounge area
Interior Upgrades:
Kitchen
-3 new upright coolers
-New oven
-New reach in cooler
-New sinks
-New flooring
Bathrooms
-Totally remodeled women’s bathroom ($15k)
Bar
-New keg coolers
-New upright coolers
-New reach in coolers
Stage/Dining Room
-Brand new stage and sound system
-Murals
Hotel
-New HVAC
-New washer/dryers for linens
-Upgraded housekeeping closet
-Upgraded maintenance closet
-Upgraded 6 of 13 hotel rooms
-Includes bathroom
Storefront suites
-Upgraded bathrooms
Bill of Sale
-All furniture and fixtures included
Staffing
-All new staff and management
-Restaurant is under operations for hotel
Marketing
-New website
-Social media manager (in house)
-Upgraded reservations system
Technical
-Square POS
-Consultant for alcohol inventory
Subcontractors
-Mission Linens
-Pest Control
-Bookkeeper/Payroll
Entertainment
-In house booking manager
-Event calendar until Winter 2023
Hotel booking
-Reservations until Winter 2023
90 days of transition training for owner/operators

Data Room Click Here to Access

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £2,187,405
Price Per Room £168,262
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.15 AC
Building Size 8,311 SF
No. Rooms 13
Number of Floors 2
Year Built/Renovated 1906/2008
Corridor Interior

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Public Access Wi-Fi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 5 £184.54 -
Guest Room 8 £134.43 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
103-62-005
Land Assessment
£6,723 (2024)
Improvements Assessment
£65,576 (2024)
Total Assessment
£72,299 (2024)
  • Listing ID: 29589692

  • Date on Market: 21/09/2023

  • Last Updated:

  • Address: 61 Main St, Bisbee, AZ 85603

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