High-Quality Asset in Exceptional Condition: The Shilo Inn Suites Elko is a midscale hotel featuring 70 spacious guest rooms and several amenities such as an indoor pool, fitness center, laundry service and business center. The Property is a two-story interior corridor hotel located in Elko, Nevada. Kitchenettes are available in over 20% of rooms, giving the property an extended stay component.
Prime Location with Easy Access to Market Demand Generators: The Property is visible from Interstate 80 and is nestled close to Elko’s major attractions. The Northeastern Nevada Museum, Ruby View Golf Course, and Western Folklife Center are all under 5 miles from the hotel. The area serves as the launching point for hunting, heli-skiing, horseback riding, adventure ranching, mountaineering, and fishing.
Strategic Airport Location: Elko Regional Airport, the third busiest airport in Nevada, is only 1 mile from the subject property. It is the only airport in the area that is open year round in all weather conditions. Elko Regional Airport serves as the gateway to the stunning Ruby Mountains & the Cowboy West.
Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.
Strategic Economic Location: Elko County is home to several major gold mines, some of which are among the largest and most productive in the United States. Notable gold mines in the region include the Carlin Trend, which is one of the most productive gold mining areas in North America. Elko has grown from a small ranching community to a town that prospered through gold discoveries and most recently oil & natural gas exploration and production.
Strong Revenues with Room for Growth:The subject property has achieved an average total room revenue of over $1M, and once stabilized, is expected to become a top performer amongst its Market Competitive Set. There are a number of potential branding opportunities given the Shilo Inn spacious room sizes and ideal location within Elko