60 N. State Street · 2018-06-04 · Greg Whitehead, MBA (435) 627-5733 [email protected] Gregg...

OFFERING MEMORANDUM

Exclusively Listed By:Greg Whitehead, MBA

(435) [email protected]

Gregg McArthur, MBA(435) 627-5740

[email protected]

60 N. State StreetSalina, UT 84654

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60 N. State Street | Salina, UT 84654

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.

HITCH N’ POST INN60 N State Street • Salina, UT 84654

Gregg McAruther | Greg Whitehead NAI Excel Hospitality | www.naiexcel.comOffered By:

PROPERTY DESCRIPTION

FEATURES & AMENITIES

PROPERTY PHOTOS

LOCATION MAPS & AREA INFORMATION

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Table of Content

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PROPERTY DESCRIPTION


HITCH N’ POST INN60 N State Street • Salina, UT 84654 PROPERTY DESCRIPTION

2Gregg McAruther | Greg Whitehead NAI Excel Hospitality | www.naiexcel.comOffered By:

NAI Excel Hospitality has been retained to exclusively represent the owner in the sale of the Hitch N’ Post Inn a 31-room independent hotel. The Hitch N’ Post Inn is located in Salina, Utah on Scenic Route 89 and resides less than 1 mile from Interstate 70. Salina resides in Sevier County Utah which is known as Utah’s Trail Country. There are hundreds of miles of beautiful trails accessible right from the front door of this property.

The Hitch N’ Post Inn amenities include: 31 Rooms including 21 Double Rooms, 8 King Rooms, 1 two-bedroom managers apartment; .86-acre property with room for future expansion, gift shop/café space. guest laundry facilities. Room amenities include: flat screen TV, clock radio, table and chair, hair dryer, coffee maker, microwave, refrigerators.

Property was remodeled in 2014. Current owner holds the hospitality contracts for many of the activities that take place in Salina, UT. Property can be converted to a national chain brand.

• 31 Rooms

• Excellent Revenue Growth Potential

• Below Replacement Cost at $16,096 per room

• Great Candidate for National Flag

• Fully Renovated in 2014

Investment Overview

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FEATURES & AMENITIES


HITCH N’ POST INN60 N State Street • Salina, UT 84654 FEATURES & AMENITIES


• 31 Rooms• 21 Double Rooms,• 8 King Rooms,• 1 two-bedroom managers apartment

• 0.86-acre property with room for future expansion• Gift Shop/Café Space.• Guest Laundry Facilities• Fully Renovated in 2014

Property Description:

Gregg McAruther | Greg Whitehead NAI Excel Hospitality | www.naiexcel.comOffered By: 5

PROPERTY PHOTOS


HITCH N’ POST INN60 N State Street • Salina, UT 84654 PROPERTY PHOTOS


King Size Bed Room



Double Bed Room



Front Desk



Laundry



Maitenance

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LOCATION MAPS & AREA INFORMATION

548 N. 1100 E. | Washington, UT 84780

FOR SALE

Profitable Assisted Living Facility

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HITCH N’ POST INN60 N State Street • Salina, UT 84654 LOCATION MAP


SITE

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HITCH N’ POST INN60 N State Street • Salina, UT 84654 AREA INFORMAITON


SEVIER COUNTY is a county located in the central portion of Utah, United States. As of the 2010 census, the population was 20,802. Its county seat and largest city is Richfield. The county was formed on January 16, 1865, as a split off from Sanpete County to the north. It was named for the Sevier River, which winding path forms its western boundary.

• POPULATION: Sevier - 20,802

• LAND AREA: 598 Square Miles

• ECONOMY: Median Income of $46,327 with a Cost of Living Index of 98 and an Unemployment Rate of 3.1%

• HOUSING: Median house value of $191,300• Capitol Reef National Park• Fishlake National Forest• Freemont Indian State Park• Red Hill Hot Springs• Koosharem Reservoir Recreation Site

SALT LAKE CITY, UT 166 miles

LAS VEGAS, NV 325 miles

DENVER, CO 460 miles

LOS ANGELES, CA 594 miles

SAN FRANCISCO, CA 786 miles

SEATTLE, WA 1,004 miles

Driving Distance to Major Cities from Property

Points of Interest

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OFFERING MEMORANDUM

Exclusively Listed By:Greg Whitehead, MBA

(435) [email protected]

Gregg McArthur, MBA(435) 627-5740

[email protected]

548 N. 1100 E. | Washington, UT 84780

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.

60 N. State Street · 2018-06-04 · Greg Whitehead, MBA (435) 627-5733 [email protected] Gregg...

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