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Cedars Inn & Suites 1716 Main St 64 Room Hotel Lewiston, ID 83501 $2,465,510 CAD ($38,524 CAD/Room)
Investment Highlights
- Significant Room Count: A 66-unit hospitality asset consisting of 64 guest keys plus a 2-bedroom manager’s apartment
- Strategic Branding Potential: A “clean slate” for branding; Wyndham has already expressed interest in flagging this location
- Strong Submarket Fundamentals: According to CoStar data, the Lewiston Economy/Midscale submarket maintains a 12-month RevPAR of $49.95
- Deep Value-Add Play: Currently operating as a distressed, owner-absentee asset with approximately 50% of the guest rooms offline
- Unbeatable Pricing: Offered at just $28,281 per key, representing a substantial discount to replacement cost and recent comparable sales
- Immediate Upside: Bringing the offline rooms back into service allows a buyer to potentially double the current revenue stream
Executive Summary
Kyle Matthews
License # CO56879, DB46145 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # CO56879, DB46145 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $2,465,510 CAD | Building Size | 21,506 SF |
| Price Per Room | $38,524 CAD | No. Rooms | 64 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1966/2011 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.92 AC | ||
| Zoning | C4 | ||
| Price | $2,465,510 CAD |
| Price Per Room | $38,524 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 21,506 SF |
| No. Rooms | 64 |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2011 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C4 |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 64 | $118.51 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | RPL17100000130 | Improvements Assessment | $1,960,829 CAD |
| Land Assessment | $380,585 CAD | Total Assessment | $2,341,414 CAD |
Property Taxes
Parcel Number
RPL17100000130
Land Assessment
$380,585 CAD
Improvements Assessment
$1,960,829 CAD
Total Assessment
$2,341,414 CAD
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Photos
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Cedars Inn & Suites | 1716 Main St
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