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Econo Lodge For Sale 625 W Broadway St

25 Room Hotel Needles, CA 92363 £744,135 (£29,765/Room)

Executive Summary

Econo Lodge For Sale – 25-Key Hotel – Fully Renovated Interior & Exterior
This 25-room Econo Lodge offers a fantastic opportunity for a new ownership group to take over a fully renovated property with both interior and exterior upgrades. The hotel is turn-key, offering a modern, fresh atmosphere that enhances the guest experience. This is an ideal investment for owners seeking a more hands-on approach, providing a manageable operation with the potential for personalized management and increased profitability.
Key Features:
• Fully Renovated Interior & Exterior: The property has undergone extensive renovations, including updated guest rooms, refreshed lobby area, modernized amenities, and enhanced curb appeal. The exterior upgrades ensure it stands out as a well-maintained destination, while the interior upgrades offer comfort and style to attract repeat guests.
• Strategic Location: Positioned along the legendary Route 66, this property enjoys high visibility and traffic from tourists exploring the famous highway. Located just off Interstate 40, it is perfectly situated between major cities: 256 miles east of Los Angeles and 222 miles west of Phoenix, AZ. Additionally, it is only 26 miles south of Laughlin, Nevada, a popular resort destination along the Colorado River, drawing leisure travelers year-round.
• Easy Access to Major Routes: With proximity to Interstate 40, travelers have direct access to a major transcontinental highway, ensuring steady traffic from both interstate and local travelers. The hotel is ideally located for both business travelers and tourists on road trips, offering easy access to numerous attractions in the area.
• Strong Local and Regional Appeal: This area sees a mix of both regional and national tourism, with visitors en route to popular destinations such as Laughlin, the Grand Canyon, and other nearby national parks. The proximity to the Colorado River further enhances its appeal to guests seeking outdoor recreational activities like boating, fishing, and hiking.
• Hands-On Ownership Opportunity: With 25 rooms, this hotel is the ideal size for a more personalized, hands-on management approach. The property's small scale offers an excellent opportunity for a new ownership group to make a direct impact on operations, guest experience, and profitability, while maintaining a manageable level of responsibility.
• High Growth Potential: Given its location and the recent renovations, this property is well-positioned for strong performance. The potential for growth is evident, especially with further investment in marketing, local partnerships, and maximizing the seasonal influx of tourists from surrounding cities and attractions.
Investment Highlights:
• Prime location on historic Route 66
• Recently renovated interior and exterior
• 25 well-maintained rooms, ready for immediate operation
• Easy to access off Interstate 40
• Close proximity to Laughlin, NV, and popular attractions
• Strong local tourism appeal, including riverfront activities
This is a fantastic opportunity for a motivated ownership group to step into an upgraded and operational property in a prime location. Whether you are looking to expand your portfolio or invest in a hands-on hospitality business, this Econo Lodge offers excellent potential for success.
***PLEASE DO NOT TALK TO THE MANAGERS AS THEY DO NOT KNOW THE PROPERTY IS FOR SALE AND WOULD NOT BE ABLE TO PROVIDE AND INFORMATION***

Property Facts

Price £744,135
Price Per Room £29,765
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.36 AC
Building Size 9,076 SF
No. Rooms 25
Number of Floors 2
Year Built 1951
Parking Ratio 0.77/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 25 £58.75 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0186-112-21
Land Assessment
£64,249
Improvements Assessment
£279,470
Total Assessment
£343,720

zoning

Zoning Code GC (General Commercial)
GC (General Commercial)
  • Listing ID: 33995125

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 625 W Broadway St, Needles, CA 92363

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