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Best Western Torchlite 1809 N 16th St 50 Room Hotel Wheatland, WY 82201 $3,936,420 CAD ($78,728 CAD/Room)
Investment Highlights
- • Recently Renovated in 2024, Eligible for Auto Transfer Program
- • Located Along I-25, which sees 20,000 Vehicles Per Day
- • 10 Minutes from Laramie River Station (Large Coal Fired Power Plant)
- • Operational Upside- Owned by Out of State Absentee Owners
- • Priced at 57K/Key 2.7X RRM- Well Below Replacement Cost of 150K
- • On Site Manager Unit Included
Executive Summary
Marcus & Millichap is pleasured to present this exclusive offering of the Best Western Torchlite, a 50-room recently renovated turnkey hotel offering an exceptional opportunity to acquire a nationally branded asset well below replacement cost. Recently renovated in 2024, the property is eligible for Best Western’s Auto Transfer Program, allowing a seamless ownership transition and immediate brand continuity.
Strategically positioned along Interstate 25 with approximately 25,000 vehicles per day, the hotel benefits from strong transient demand and excellent visibility. Additional demand drivers include proximity to Laramie River Station, a major coal-fired power plant located just 10 minutes away, providing consistent corporate and extended-stay business.
The property presents significant operational upside as it is currently owned by out-of-state absentee owners, offering a hands-on investor the ability to improve margins through active management and local oversight. An on-site manager’s unit is included, supporting efficient day-to-day operations.
Offered at approximately $57,000 per key and 2.7x Room Revenue Multiplier, the hotel is priced far below estimated replacement costs of $150,000 per key, making this an attractive entry point into a stabilized, branded hospitality asset with both cash flow and value-add potential.
Please visit https://www.marcusmillichap.com/properties/194353/best-western-torchlite to access due diligence.
Broker of Record: Adam Lewis
1144 15th St
Denver, CO 80202
303-328-2000
License # RE-16571
Strategically positioned along Interstate 25 with approximately 25,000 vehicles per day, the hotel benefits from strong transient demand and excellent visibility. Additional demand drivers include proximity to Laramie River Station, a major coal-fired power plant located just 10 minutes away, providing consistent corporate and extended-stay business.
The property presents significant operational upside as it is currently owned by out-of-state absentee owners, offering a hands-on investor the ability to improve margins through active management and local oversight. An on-site manager’s unit is included, supporting efficient day-to-day operations.
Offered at approximately $57,000 per key and 2.7x Room Revenue Multiplier, the hotel is priced far below estimated replacement costs of $150,000 per key, making this an attractive entry point into a stabilized, branded hospitality asset with both cash flow and value-add potential.
Please visit https://www.marcusmillichap.com/properties/194353/best-western-torchlite to access due diligence.
Broker of Record: Adam Lewis
1144 15th St
Denver, CO 80202
303-328-2000
License # RE-16571
Data Room Click Here to Access
Property Facts
| Price | $3,936,420 CAD | Building Size | 19,248 SF |
| Price Per Room | $78,728 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1976/2024 |
| Property Subtype | Hotel | Parking Ratio | 3.22/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.54 AC | Opportunity Zone |
Yes
|
| Zoning | CS - General Business, Highway Commercial | ||
| Price | $3,936,420 CAD |
| Price Per Room | $78,728 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 19,248 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2024 |
| Parking Ratio | 3.22/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | CS - General Business, Highway Commercial |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $157.46 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R0001662 | Improvements Assessment | $227,086 CAD |
| Land Assessment | $2,667 CAD | Total Assessment | $229,753 CAD |
Property Taxes
Parcel Number
R0001662
Land Assessment
$2,667 CAD
Improvements Assessment
$227,086 CAD
Total Assessment
$229,753 CAD
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Best Western Torchlite | 1809 N 16th St
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