HOTEL INVESTMENT OPPORTUNITY > FOR SALE

Econo Lodge 888 N. HOLMES AVENUE FALLS, IDAHO 83401 Hotel Investment Opportunity

Don Zebe Jared Zebe +1 208 403 1973 +1 208 709 7311 [email protected] [email protected] HOTEL INVESTMENT OPPORTUNITY > FOR SALE Econo Lodge 888 N. HOLMES AVENUE IDAHO FALLS, IDAHO 83401 $4,850,000 CAP RATE: 7.96%

OCCUPANCY RATE: 48.3%(2018) ADR (AVERAGE DAILY RATE): $63.66(2018) REVPAR (REVENUES PER AVAILABLE ROOM) $30.78(2018)

• 92 Rooms • Last Renovation - 2019

• Seller is willing to transfer • PIP Complete - 95% the Liquor License (valued • 3.63 Acres at $100k) at no additional cost to buyer. • Parcel #: RPA0420002001A • Seller Acquired Property in October 2011

• Year Built - 1960 HOTEL INVESTMENT OPPORTUNITY > FOR SALE Econo Lodge 888 N. HOLMES AVENUE IDAHO FALLS, IDAHO 83401 $4,850,000 CAP RATE: 7.96%

OCCUPANCY RATE: 48.3%(2018) ADR (AVERAGE DAILY RATE): $63.66(2018) REVPAR (REVENUES PER AVAILABLE ROOM) $30.78(2018)

• Running 12 Month RR (Room Provided Amenities include: Revenue) for May 2018 - $1.1 Million • Free continental breakfast • NNN Lounge Lease Income - • Free WiFi $66,000 per year • Seasonal outdoor pool • Revenue Multiplier – 3.65 times = $4,015,000 Million plus $835,000 • Guest laundry services for Lease Revenue of $66k per year for a 7.9% Cap Rate on Lease Revenue. HOTEL INVESTMENT OPPORTUNITY > FOR SALE

SITE Photo Gallery Cash Flow Report 888 N. HOLMES AVENUE | IDAHO FALLS, IDAHO 83401 Accelerating success.

2017 2018 Actual Actual Revenue Total Per Room Total Per Room

RR, Vending, Laundry & Misc $699,920.65 $16,277.22 $1,022,240.71 $23,773.04

Expenses

Cost of Sales Purchases $86,960.00 $2,022.33 $145,865.45 $3,392.22 Franchise Fees $83,317.48 $1,937.62 $115,760.67 $2,692.11 Commissions $18,038.39 $419.50 $18,038.39 $419.50 Advertising $375.00 $8.72 $1,096.31 $25.50 Payroll & Wages $124,876.23 $2,904.10 $209,809.57 $4,879.29 Credit Card Fees $16,122.00 $374.93 $23,195.00 $539.42 Auto Expenses $0.00 $0.00 $645.75 $15.02 Licenses and Permits $3,651.75 $84.92 $3,651.75 $84.92 Equipment Rental $6,750.00 $156.98 $1,540.00 $35.81 Insurance $10,800.00 $251.16 $10,800.00 $251.16 Accounting $5,617.00 $130.63 $6,000.00 $139.53 Office Expenses $2,400.00 $55.81 $1,850.00 $43.02 Repair & Maintenance $11,900.00 $276.74 $17,292.00 $402.14 Room Supplies & Amenties $14,200.00 $330.23 $18,600.00 $432.56 Utilities $49,990.00 $1,162.56 $52,800.00 $1,227.91 Telephone and Internet $14,112.00 $328.19 $18,813.00 $437.51 Payroll Taxes $20,442.00 $475.40 $23,280.00 $541.40 Breakfast Expense $15,415.00 $358.49 $29,750.00 $691.86 Travel & Entertainment $200.00 $4.65 $1,200.00 $27.91 Misc $0.00 $0.00 $2,300.00 $53.49 Property taxes $34,560.00 $803.72 $0.00 $0.00 Total Expense $519,726.85 $12,086.67 $702,287.89 $16,332.28

Total Hotel Income $180,193.80 $4,190.55 $319,952.82 $7,440.76 Lounge Lease Income $66,000.00 $66,000.00 Total Net Income $246,193.80 $385,952.82

Cap Rate Price 7.96% $4,850,000.00 HOTEL INVESTMENT OPPORTUNITY > FOR SALE

Area Overview > IDAHO FALLS, IDAHO Idaho Falls is the county seat of Bonneville County, Idaho, United States, and the state's largest city outside the Boise metropolitan area. Idaho Falls serves as the commercial, cultural, and healthcare hub for , as well as parts of western Wyoming and southern Montana. It is served by the Idaho Falls Regional Airport and is home to the College of Eastern Idaho, Museum of Idaho. It is the principal city of the Idaho Falls Metropolitan Statistical Area.

Downtown Idaho Falls once struggled as the city expanded eastward, but it has been revitalized in recent years due to the efforts of local business owners, the City of Idaho Falls, and other organizations such as the Downtown Development Corporation and the Idaho Falls Chamber of Commerce. Today, it is home to a handful of locally owned shops, stores, restaurants, galleries, theaters, and future revitalization efforts.

Idaho Falls has an extensive river walk featuring running and bike trails, art installations, and points of interest along several miles of the Snake River, which flows through the center of the city. It is maintained by the city and often receives donations and grants that allow for expansion.

The city attracts many tourists visiting nearby Yellowstone and Grand Teton National Parks, Jackson Hole, and fishing on the Snake River. Due to its proximity to high- profile outdoor destinations, Idaho Falls was recently named to National Geographic's list of "100 Best Adventure Towns".

Idaho Falls is home to a few higher education options, including College of Eastern Idaho. Stevens-Henager College and University of Phoenix have also opened local resource centers in order to aid students in online degree programs. A unique satellite campus called University Place features dual enrollment for students in both Pocatello-based and Moscow-based . Students generally earn core classes at University Place and then transfer to ISU's or UI's main campus to finish their degrees.

Idaho Falls Regional Airport is a city-owned, public-use airport located two nautical miles northwest of the central business district of Idaho Falls. It was formerly known as Fanning Field. It is the second-busiest airport in Idaho after Boise Airport with approximately 145,000 boardings per yer. Allegiant Air, Delta Airlines and United Airlines offer passenger service with daily arrivals and departures from Salt Lake City, Denver and Phoenix. Demographics Accelerating success. IDAHO FALLS METROPOLITAN STATISTICAL AREA

2018 ESTIMATES

Population 149,084 Households 50,777 Median Household Income $56,025 Average Household Income $73,796 Average Household Size 2.91 Median Age 32.7

> BONNEVILLE COUNTY, IDAHO The median property value in Bonneville County was $161,000 in 2017, which is 0.74 times smaller than the national average of $217,600. Between 2016 and 2017 the median property value increased from $157,100 to $161,000, a 2.48% increase.

The homeownership rate is 70.6%, which is higher than the national average of 63.9%. People in Bonneville County, ID have an average commute time of 18.3 minutes, and they commute by Drove Alone. Car ownership is approximately the same as the national average, with an average of 2 cars per household.

The economy of Bonneville County employs 48.7k people. The largest industries are Health Care & Social Assistance (6,956 people), Retail Trade (5,903 people), and Professional, Scientific, & Technical Services (4,974 people), and the highest paying industries are Management of Companies & Enterprises ($200,197), Utilities ($71,729), and Professional, Scientific, & Technical Services ($70,057). Tenant Map: Idaho Falls, Idaho

Post Falls Cour d’Alene

Moscow Lewiston

Meridian Caldwell Boise Rexburg Nampa Idaho Falls

Pocatello Twin Falls Burley HOTEL INVESTMENT OPPORTUNITY > FOR SALE

Don Zebe Jared Zebe +1 208 403 1973 +1 208 709 7311 [email protected] [email protected]

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