Clarion Hotel & Suites Fairbanks - JUST LISTED!

Alaska, United States

$8500000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Chain / Market Scale: Upper Midscale
Brand: Clarion
Corridor: Interior
No. of Keys: 128
Site Size: 1.49 AC

Clarion Hotel & Suites Fairbanks is a 128 key, full-service, franchised, upper midscale hotel. Located in Fairbanks, Alaska, this property features excellent cash flow and strong financials. Guest amenities include guest laundry, a fitness center, and an on-site remodeled restaurant with a bar & lounge area (updated in 2020). For business guests, the hotel has a meeting & event space, a business center, as well an airport shuttle for the entire hotel.

Guest room mix includes a selection of Queen Single, Queen Double, Kitchenette, Suites, Family Suites, and ADA accessible rooms. Room amenities include a mini-refrigerator, microwave, flatscreen TV, high-speed internet (WiFi), and air conditioning in this 100% smoke-free hotel.

The hotel is located on approximately1.49 acres of owned land with the potential to expand. Ideally situated with both highway access and visibility, the hotel is close to the Chena River, Airport Way, and Fort Wainwright Army Base. (Buyer to do own due diligence on the potential to expand.)

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Chain / Market Scale: Upper Midscale
Brand: Clarion
Corridor: Interior
Keys: 128
Building Status: Existing
No. of buildings: 1
Stories: 3
Building size(SF): 78400
Site size: 1.49 AC
Year Build: 1984
Year Renovated: 2019
Common area amenities:

Other

Business Center

High Speed Internet

Breakfast Area

Exercise Room

Lounge

Restaurant

Source of Business:

Other

Group

Corporate

Leisure

Commercial

Sale Note:

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Additional Links:

Location


Country: United States
State: Alaska
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Joseph P. Kennedy, CHB

President
Crystal Investment Property, LLC

ID #SP41734
OR #950700057
WA #118409

503 530 1316
info@crystalip.com


Michelle L Kennedy

Principal and Designated Broker
Crystal Investment Property, LLC

ID #DB41712
MT #RRE BRO LIC 5471
OR #970700090
WA #17065

503 530 1316
michelle@crystalip.com


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