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Affordable Inns - Evanston 339 Wasatch Rd 138 Room Hotel Evanston, WY 82930 $2,404,010 CAD ($17,420 CAD/Room)
Investment Highlights
- Below-Market Pricing: $1,750,000 total – significantly below replacement cost and typical per-key pricing for ˜ 140-room hotels
- Updated Core Areas: Lobby, restaurant, and bar already refreshed – reduces immediate CapEx
- Value-Add Upside: Reopen, finish the apartment, secure a flag (if desired), rebrand, and stabilize occupancy for strong cash-flow potential
- Opportunity Zone: Located in a designated Opportunity Zone for significant tax-advantaged investment potential
- On-Site Manager’s Apartment: Unfinished unit with high potential to complete – perfect for live-in management, lowering operating expenses
- Highway-Driven Demand: Steady I-80 traffic provides reliable guest base with minimal marketing spend
Executive Summary
APEX Real Estate presents this ~140-key hotel directly off Exit 3 on I-80 in Evanston, Wyoming—right at the Utah border on one of the country's busiest east-west interstate corridors. Located in a designated Opportunity Zone for significant tax-advantaged investment potential. Currently vacant and ready for immediate repositioning, the property offers: Recently updated lobby, restaurant, and bar areas, proven hybrid nightly/extended-stay history, unfinished on-site manager’s apartment for live-in management, Exceptional I-80 visibility and direct access, All FF&E included, and transferable resort liquor license for added beverage revenue. Priced at $1,750,000 (~$12,500 per key), it requires low additional CapEx to reopen and stabilize—ideal for franchising with a national/regional brand. Perfect for owner-operators, investor groups, or developers targeting limited-service, extended-stay, or branded interstate hotels with liquor license upside. Property sold "as-is"; the buyer and buyer's agent must verify all information independently.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,404,010 CAD | Building Size | 62,370 SF |
| Price Per Room | $17,420 CAD | No. Rooms | 138 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.24/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.72 AC | Opportunity Zone |
Yes
|
| Zoning | HB-D - Highway Business-Developing | ||
| Price | $2,404,010 CAD |
| Price Per Room | $17,420 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.72 AC |
| Building Size | 62,370 SF |
| No. Rooms | 138 |
| No. Stories | 3 |
| Year Built/Renovated | 1982/2024 |
| Parking Ratio | 2.24/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HB-D - Highway Business-Developing |
Amenities
- Restaurant
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $157.98 CAD | - |
| Guest Room | 136 | $101.66 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15201940400200 | Improvements Assessment | $397,590 CAD |
| Land Assessment | $31,657 CAD | Total Assessment | $429,248 CAD |
Property Taxes
Parcel Number
15201940400200
Land Assessment
$31,657 CAD
Improvements Assessment
$397,590 CAD
Total Assessment
$429,248 CAD
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Affordable Inns - Evanston | 339 Wasatch Rd
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