Econo Inn | 642 E 5th Ave
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Econo Inn 642 E 5th Ave
41 Room Hotel Anchorage, AK 99501 $4,535,744 CAD ($110,628 CAD/Room) 9.38% Cap Rate
Investment Highlights
- Prime Location for a hotel
- Value-Add Potential
- Consistent Profitability
Executive Summary
Profitable Midscale Hotel for Sale in Anchorage, Alaska – Confidential Listing
Investment Highlights:
Prime Anchorage Location: Situated in a high-demand area, attracting steady foot traffic and strong occupancy rates.
High Gross Profit Margins: Consistently profitable with efficient cost management, ensuring reliable cash flow.
Updated Operations: Equipped with a modern booking system and well-trained staff, allowing for smooth, efficient day-to-day operations.
Growth Potential: Opportunities to increase revenue through strategic marketing, added amenities, or in-room technology upgrades.
Steady Demand: Ideal for both tourists and business travelers due to its central location and comfortable accommodations.
Confidentiality Note: To maintain discretion, further details—including the hotel’s name and exact location—will only be disclosed upon signing a confidentiality agreement.
Inquire Today: For more details, please reach out to discuss this unique opportunity. Serious buyers only.
Investment Highlights:
Prime Anchorage Location: Situated in a high-demand area, attracting steady foot traffic and strong occupancy rates.
High Gross Profit Margins: Consistently profitable with efficient cost management, ensuring reliable cash flow.
Updated Operations: Equipped with a modern booking system and well-trained staff, allowing for smooth, efficient day-to-day operations.
Growth Potential: Opportunities to increase revenue through strategic marketing, added amenities, or in-room technology upgrades.
Steady Demand: Ideal for both tourists and business travelers due to its central location and comfortable accommodations.
Confidentiality Note: To maintain discretion, further details—including the hotel’s name and exact location—will only be disclosed upon signing a confidentiality agreement.
Inquire Today: For more details, please reach out to discuss this unique opportunity. Serious buyers only.
Financial Summary (Actual - 2023) 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
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,535,744 CAD | Building Size | 24,972 SF |
| Price Per Room | $110,628 CAD | No. Rooms | 41 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.38% | Year Built | 1965 |
| Property Type | Hospitality | Parking Ratio | 0.32/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.36 AC |
| Price | $4,535,744 CAD |
| Price Per Room | $110,628 CAD |
| Sale Type | Investment |
| Cap Rate | 9.38% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 24,972 SF |
| No. Rooms | 41 |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.32/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Restaurant
- Shuttle Service
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $177.18 CAD | - |
| Guest Room | 39 | $127.57 CAD | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 00209132000 | Improvements Assessment | $708,912 CAD (2024) |
| Land Assessment | $545,004 CAD (2024) | Total Assessment | $1,253,916 CAD (2024) |
PROPERTY TAXES
Parcel Number
00209132000
Land Assessment
$545,004 CAD (2024)
Improvements Assessment
$708,912 CAD (2024)
Total Assessment
$1,253,916 CAD (2024)
zoning
| Zoning Code | B2C |
| B2C |
-
Crystal Lee -
American Real Estate Group
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Econo Inn | 642 E 5th Ave
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