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150 room hotel 476 Holiday Dr 150 Room Hotel Rutland, VT 05701 $11,067,120 CAD ($73,781 CAD/Room)
INVESTMENT HIGHLIGHTS
- Ideal for conversion to residential
- Indoor pool, fitness center, restaurant, lounge and large meeting and banquet space
- Candidate for Hilton brand
- Excess land for development 14 acres
- Seller financing available
- Strong demand in market area AAA location
EXECUTIVE SUMMARY
150 room hotel with 14 acres , one of the best locations in southern Vermont, property includes indoor pool , fitness center, banquet and meeting space , public water and sewer. The hotel was built as an Holiday Inn and operated as one for over 40 years . Most recently it was used for long term rentals and needs to be repositioned and renovated. The hotel is a candidate for a Hilton Brand subject to a property improvement plan estimated at $18k per room . The demand is strong in Rutland, with limited supply of hotel rooms. Revenue potential is $4.5 M based on STR reports.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $11,067,120 CAD | Building Size | 95,000 SF |
| Price Per Room | $73,781 CAD | No. Rooms | 150 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1972 |
| Property Subtype | Hotel | Parking Ratio | 3.73/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 14.74 AC | ||
| Zoning | Commercial - Commercial | ||
| Price | $11,067,120 CAD |
| Price Per Room | $73,781 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 14.74 AC |
| Building Size | 95,000 SF |
| No. Rooms | 150 |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 3.73/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- On-Site Bar
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 150 | $166.01 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 543-171-10047 | Improvements Assessment | $2,609,360 CAD |
| Land Assessment | $1,298,509 CAD | Total Assessment | $3,907,868 CAD |
PROPERTY TAXES
Parcel Number
543-171-10047
Land Assessment
$1,298,509 CAD
Improvements Assessment
$2,609,360 CAD
Total Assessment
$3,907,868 CAD
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Presented by
John P Christopher
150 room hotel | 476 Holiday Dr
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