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The Aspen 229 N Hayden St 21 Room Hotel West Yellowstone, MT 59758 $8,727,012 CAD ($415,572 CAD/Room) 8.36% Cap Rate
Investment Highlights
- Seller Financing Potentially Available
- On 3 City Lots
- Employee Housing Included
Executive Summary
The Aspen is a dynamic lodging property situated on 3 city lots and is located just minutes from wildly popular Yellowstone National Park.
Nestled in the heart of West Yellowstone, Montana, this thriving property is steps away from restaurants, shopping, and most importantly, the park’s West entrance. With 4 million visitors to Yellowstone National Park each year, The Aspen presents a unique investment opportunity for new or experienced hospitality entrepreneurs. This newer construction lodging property, built between 2005 and 2012, gives guests a comfortable home-like environment from which to explore all the area has to offer. Many updates have taken place over the past 24 months including carpets, curtains, lobby, and wifi. Accommodations range in size from single king motel rooms to 1,200 - 2,200 square foot condos and the property also features difficult to find employee housing.
Nestled in the heart of West Yellowstone, Montana, this thriving property is steps away from restaurants, shopping, and most importantly, the park’s West entrance. With 4 million visitors to Yellowstone National Park each year, The Aspen presents a unique investment opportunity for new or experienced hospitality entrepreneurs. This newer construction lodging property, built between 2005 and 2012, gives guests a comfortable home-like environment from which to explore all the area has to offer. Many updates have taken place over the past 24 months including carpets, curtains, lobby, and wifi. Accommodations range in size from single king motel rooms to 1,200 - 2,200 square foot condos and the property also features difficult to find employee housing.
Property Facts
| Price | $8,727,012 CAD | Lot Size | 0.89 AC |
| Price Per Room | $415,572 CAD | Building Size | 19,404 SF |
| Sale Type | Investment | No. Rooms | 21 |
| Cap Rate | 8.36% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2011 |
| Property Subtype | Hotel | Parking Ratio | 1.19/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | B3 - Central Business | ||
| Price | $8,727,012 CAD |
| Price Per Room | $415,572 CAD |
| Sale Type | Investment |
| Cap Rate | 8.36% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 19,404 SF |
| No. Rooms | 21 |
| No. Stories | 2 |
| Year Built | 2011 |
| Parking Ratio | 1.19/1,000 SF |
| Corridor | Exterior |
| Zoning | B3 - Central Business |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $155.15 CAD | - |
| Guest Room | 17 | $123.29 CAD | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-0062-34-2-19-12-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,600,239 CAD |
Property Taxes
Parcel Number
06-0062-34-2-19-12-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,600,239 CAD
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The Aspen | 229 N Hayden St
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