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Patriot Stay Motel 311 E Main St 50 Room Hotel Vernal, UT 84078 $4,143,732 CAD ($82,875 CAD/Room) 8.25% Cap Rate
Investment Highlights
- Heart of downtown
- Independent, but Option for franchise
- Updated rooms
Executive Summary
Position your portfolio for steady cash flow and long term growth with this renovated 50 room and manager apartment hospitality property located in the heart of Vernal, Utah. This turnkey investment opportunity sits on 1.06 acres with 64 parking spaces and continues to benefit from strong tourism, energy, outdoor recreation, and business travel traffic throughout the Uinta Basin. Originally built in 1982, the property underwent major upgrades and improvements following a 2024 rebrand, creating a modern and welcoming experience for guests while reducing future capital expense concerns for a new owner. This property presents an outstanding opportunity for investors seeking a hospitality asset with strong curb appeal, updated infrastructure, and immediate operational potential. Its location in one of eastern Utah's busiest tourism and recreation corridors places guests within reach of national parks, dinosaur attractions, oil and gas industries, hunting, fishing, and year round outdoor recreation. Property sold "As Is", with no seller warranties.
Property Facts
| Price | $4,143,732 CAD | Lot Size | 1.06 AC |
| Price Per Room | $82,875 CAD | Building Size | 19,176 SF |
| Sale Type | Investment | No. Rooms | 50 |
| Cap Rate | 8.25% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2024 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $4,143,732 CAD |
| Price Per Room | $82,875 CAD |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 19,176 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2024 |
| Corridor | Exterior |
| Zoning | C - Commercial |
Amenities
- Shuttle Service
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $109.30 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-020-0091 | Improvements Assessment | $590,909 CAD |
| Land Assessment | $488,512 CAD | Total Assessment | $1,079,421 CAD |
Property Taxes
Parcel Number
05-020-0091
Land Assessment
$488,512 CAD
Improvements Assessment
$590,909 CAD
Total Assessment
$1,079,421 CAD
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Patriot Stay Motel | 311 E Main St
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