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6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com
La Quinta Inn
Orem, Utah
54 Guestrooms
Offering Price: $3,300,000
Investment Overview:
Apostle Fitzgerald & Company is pleased to present for sale the La Quinta Inn located in Orem, Utah.
Property Overview:
The City of Orem is located on the eastern shore of Utah Lake and extends on east to Provo and the foothills of Mount Timpanogos. With a population of over 70,000, today Orem is known as the center of Utah's computer technology and development. Giant WordPerfect Corporation, founded by a former BYU professor is headquartered in Orem, and has provided the impetus for creation of other software firms. The existing improvements, located within one building, include a lobby with front desk and back office work area, an administration office, meeting room, small gift shop, combination laundry and housekeeping facility, and an enclosed swimming pool, sauna, spa and fitness center. Spa & kitchenette suites, as well as standard guestrooms feature 25" TV's coffee makers, hair dryers, irons/boards, refrigerators and microwaves.
| Price: |
$3,300,000 |
| Location: |
Orem, Utah |
| Property Description: |
Limited Service, 3 story |
| Property Age: |
Opened 1999 |
| Number of Units: |
54 |
| Living Quarters: |
None |
| Corridors: |
Interior |
| Public Area Amenities: |
Indoor swimming pool, sauna & spa, fitness center, meeting room |
| Site Size: |
1.0172 Acres; 44,390.8 sq.ft. |
| Trailing 12-month Occupancy: |
67.6% |
| Trailing 12-month Avg. Daily Rate: |
$55.01 |
| Trailing 12-month Room Revenue: |
$882,000 |
| Financing: |
Not Assumable |
Note: The information shown above has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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