Investment Highlights
11,280 Sq Ft Hospitality Building Offered at $2,200,000 in Wallace, ID
Looking to move to beautiful North Idaho? Looking to live and work where there are endless outdoor activities with a great quality of life? Look no further then the Ryan Hotel in downtown Wallace, Idaho. With the claim to fame as "The Center of the Universe" Wallace, Idaho is nestled in between two ski resorts within 15 minutes East or West that bring locals and international attention. This is a turnkey business where you can live on-site and enjoy creating your own schedule. Hike, bike, ski, snowmobile, ATV, fish, hunt, jeep or just about any other activity you love to do right out the front door. All these reasons are why tourists and locals alike love the area and so will you. All furnishings go with the property as well. See below for more details.
Presented by Tamala Francis,
Founder & CEO at Francis & Co.
The Ryan Hotel is Wallace’s premier boutique hotel. Built in 1903, the property has been meticulously maintained and amenities updated to suit today’s traveler. The offering consists of 14 rooms with several suites, owners quarters on-site and three separate tenants on the ground floor level. The property is a favorite among guests and boasts repeat visitors who continue coming back every year. ADR has increased 25% each year providing a lucrative income stream. Financials available upon request with proof of funds, LOI and signed NDA.
Details:
The Ryan Hotel is Wallace’s premier boutique hotel. Built in 1903, the property has been meticulously maintained and amenities updated to suit today’s traveler. The offering consists of 14 rooms, each one is unique and historically charming. The building also includes owners' residence on-site and three separate commercial tenants on the ground floor level. The property is a favorite among guests and boasts repeat visitors who continue coming back every year. ADR has increased 25% each year providing a lucrative income stream. Financials available upon request with proof of funds, LOI and signed NDA.
Building:
Year Built 1903
Building Size 11,280 Sq Ft
Lot Size 6,250 Sq Ft
Rates:
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Cap Rate 5.59%
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Annual Occ. 25-30%
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Lots of room for increasing
Average Daily Rates:
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2022 $168.35
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2021 $135.81 2020 $108.10
