Lakemill Lodge 200 Mill St 121 Pièce Hôtel Reno, NV 89501 17 096 250 $ CAD (141 291 $ CAD/Pièce)

Investment Opportunity: 125-Key Dual-Building Hospitality Asset Reno, Nevada | High-Value Boutique Repositioning Strategy This rare offering presents a clear "mark-to-market" opportunity in the rapidly evolving Reno hospitality corridor. Situated directly in the high-demand gap between budget accommodations and luxury casino resorts, this asset is perfectly positioned for a design-forward boutique repositioning. Unique Independent Configuration
The property consists of two fully independent structures, allowing for maximum operational flexibility: Building A: 75 Keys Building B: 50 Keys Each building features its own dedicated entrance and elevator system. This rare setup enables a buyer to execute a phased renovation without a full operational shutdown, or even implement a dual-brand strategy. Diverse Revenue Streams & Value-Add Potential Active F&B: The site includes a ground-level bar that serves as an immediate revenue driver. Retail Upside: An on-site convenience store provides steady lease income with the potential to be repositioned for higher-rent curated retail. Operational Growth: Current performance is below the Reno comp set, offering significant upside in both Average Daily Rate (ADR) and occupancy through modernization. Prime Market Location
Located in an experience-driven corridor, the property benefits from direct proximity to a destination museum and the Renaissance boutique hotel. As Reno continues its transformation from a gaming-centric town to a lifestyle destination, there is an acute undersupply of modern, non-gaming inventory—a gap this asset is uniquely suited to fill. Financial Snapshot (Post-Renovation Illustrative Case) Estimated NOI: ~$2.7M Projected RevPAR: ~$140 Total Revenue Range: $7.5M – $8.5M Exit Valuation: $27M – $40M+ (at 8% Cap Rate) For more information, contact Anthony at 855-701-5243.