Anchorage Hotel 750 W 5th Ave | 720 W 5th Ave
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Anchorage Hotel 750 W 5th Ave 720 W 5th Ave
200 Room Hotel Anchorage, AK 99501 $53,861,961 CAD ($269,310 CAD/Room)
Investment Highlights
- Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
- Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
- Offered Below Replacement Cost
- Property can Remain Independent or be Converted to a Franchise
- High Barriers to Entry in the Downtown Anchorage Market
- Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More
Executive Summary
Price Reduced - HIGH RevPAR Growth Market, High Barriers to Entry.
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space.
The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs.
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska. The well-appointed property offers amenities including a fitness center, business center, restaurant space and 5,500 square feet of meeting space.
The offering represents the opportunity to acquire a full service highrise hotel in a growing market near several demand drivers. The Anchorage market is one of the top lodging markets in the country, in terms of RevPAR growth. This asset benefits from being located in a market with high barriers to entry, due to high replacement costs.
Brandon Walker // Broker of Record //Jack White Commercial // License AK REC A 17438
Property Facts
| Price | $53,861,961 CAD | Building Size | 144,102 SF |
| Price Per Room | $269,310 CAD | No. Rooms | 200 |
| Sale Type | Investment | No. Stories | 14 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2016 |
| Property Subtype | Hotel | Parking Ratio | 0.18/1,000 SF |
| Building Class | A | Corridor | Interior |
| Lot Size | 0.61 AC |
| Price | $53,861,961 CAD |
| Price Per Room | $269,310 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 0.61 AC |
| Building Size | 144,102 SF |
| No. Rooms | 200 |
| No. Stories | 14 |
| Year Built/Renovated | 1970/2016 |
| Parking Ratio | 0.18/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 40 | $489.01 CAD | - |
| Guest Room | 160 | $310.41 CAD | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 00210140000 | Improvements Assessment | $16,859,678 CAD |
| Land Assessment | $2,869,004 CAD | Total Assessment | $19,728,682 CAD |
PROPERTY TAXES
Parcel Number
00210140000
Land Assessment
$2,869,004 CAD
Improvements Assessment
$16,859,678 CAD
Total Assessment
$19,728,682 CAD
zoning
| Zoning Code | B2B (Hotel/Motel - Low Rise 1-4 Levels) |
| B2B (Hotel/Motel - Low Rise 1-4 Levels) |
-
Power Broker Gordon Allred -
Clayton Hill -
Marcus & Millichap
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Anchorage Hotel 750 W 5th Ave | 720 W 5th Ave
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