Property Tours
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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
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 | $345.00 | - |
| Guest Room | 160 | $219.00 |
PROPERTY TAXES
| Parcel Number | 00210140000 | Improvements Assessment | $1,996,400 |
| Land Assessment | $11,565,200 | Total Assessment | $13,561,600 |
Gordon Allred
Clayton Hill
+1 206-826-5811
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