Anchorage “Downtown Hotel”

Price: $1,180,000

Location: Anchorage, AK

Opportunity to own a 16 room Hotel in downtown Anchorage, Alaska. Great location and free parking available for the guest.

http://www.theanchoragedowntownhotel.com

Listing Details

Total Sales: $340,999

Real Estate: $900,000 (Included in Price)

Reason For Sale:

Other interest

Training & Support:

Existing manager that may be willing to remain after the sale.

Operation

Year Established: 1962

Employees: 2-3

Location

Type of Location: Owned

Square Footage: 5,639 SF

Facilities Information:

This 16 room downtown Anchorage Hotel is located within 3 blocks of Delany Park and the Denali Civic and Convention Center.

Summary

Competition:

Pros: Location, location, location. Cons: Needs a more agressive owner to increase occupancy.

Potential Growth:

Current owner does very little marketing and does not operate during the winter months. Offering packaged deals and working with internet booking systems would greatly increase the occupancy.