High-Quality Asset in Exceptional Condition: The Shilo Inns Yuma is a two-building, upper-midscale Shilo Inns-branded Hotel featuring 135 spacious guest rooms. It is well-equipped with several amenities including an outdoor pool with a hot tub, a fitness center, a business center, bar and restaurant, guest laundry services, and a restaurant with a bar. Additionally, there is 5,385 square-feet of meeting space spread across six meeting rooms.
Prime Location with Easy Access to Market Demand Generators: Yuma is a historic town in the southwestern part of Arizona near the borders of California and Mexico, known for its warm climate and unique cultural heritage. The city offers a variety of outdoor activities for visitors to enjoy, including hiking, biking, fishing, golfing, and bird watching. Surrounded by a gorgeous landscape perfect for exploring, Yuma is also home to the Imperial National Wildlife Refuge and Kofa National Wildlife Refuge. One of the main attractions in Yuma is the Yuma Territorial Prison State Historic Park, a former prison that is open for tours. Another historic location in the city is Downtown Yuma’s collection of well-preserved buildings from the late 19th century that now operate as shops, galleries, and restaurants. Strategically located less than 3 miles from Yuma International Airport, the Property benefits from easy access to the airport and highway.
Significant Top-Line Revenue: The Property boasts strong revenues above $2.87 million in 2022, while maintaining an NOI of over $1.17 million, or 38.7 percent of gross revenues after a four percent capital replacement reserve and three percent management fee. The Property is expected to continue to experience strong year-over-year hotel revenues.
Opportunity Zone: The Hotel is positioned within three opportunity zones offering tax benefits for property owners; contact agent for more information.
Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.
BROKER OF RECORD
Ryan Sarbinoff
Arizona
Lic #: BR675146000