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Fully Entitled Marriott Residence Inn Site 60 Montebello Rd 140 Room Hotel Warwick, RI 02886 $3,819,612 CAD ($27,283 CAD/Room)

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INVESTMENT HIGHLIGHTS

  • Intermodal Zoning.
  • Multifamily Development Opportunity.
  • Shovel Ready.
  • Across from Airport.
  • Hospitality Development Opportunity.

EXECUTIVE SUMMARY

Prime land across from TF Green Airport, located in Intermodal District. Approximately 2.4acres. This site is fully entitled, complete architectural and engineering, and permitted for a Marriott Residence Inn (with reimbursement above purchase price for out of pocket costs of drawings, franchise, and entitlement costs). Alternatively this is prime land for a multifamily development, etc.

PROPERTY FACTS

Price $3,819,612 CAD
Price Per Room $27,283 CAD
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.42 AC
Construction Status Deferred
Building Size 105,000 SF
No. Rooms 140
No. Stories 6
Year Built 2024
Corridor Interior
Zoning LI

AMENITIES

  • Fitness Center
  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 140 $344.46 CAD -
  • Listing ID: 32976043

  • Date on Market: 2024-08-27

  • Last Updated:

  • Address: 60 Montebello Rd, Warwick, RI 02886

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