2128 8th Ave Lewiston, ID 83501

Building Details

Year Built

1995

Listing office Kelly Right Real Estate of Idaho LLC

Listing date Feb 11, 2025

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Kelly Right Real Estate of Idaho LLC

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Investment Insights

Based on property information with market context.

The Quality Inn Hotel, affiliated with Choice Hotels International, is located at the entrance of Hells Canyon. Constructed in 1995, this 52-key hotel is situated on a 2.401-acre lot. The property was remodeled in 2024. The hotel benefits from its location near outdoor activities such as hunting, fishing, golfing, snowmobiling, and jet boating into Hells Canyon, as well as the NAIA baseball tournament. The hotel had an occupancy rate of 72.7% in 2023 and a cap rate of 9.67%. Preliminary approval has been granted for a potential 30-RV hookup park or hotel expansion. The projected net income with the RV park is $834,000, translating to a projected cap rate of 12.44%.

Key Highlights

• Strong existing revenue stream with a high occupancy rate of 72.7% in 2023 and a cap rate of 9.67%.
• Significant potential for increased revenue with preliminary approval for a 30‑RV hookup park or hotel expansion, projected cap rate of 12.44%.
• Prime location at the entrance of Hells Canyon attracts tourists year‑round.

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FAQs

What type of property is this?

Hotel - 52-key hotel near Hells Canyon with high occupancy rate.

Where is this hotel located?

The property is located at 2128 8th Ave Lewiston, ID.

What is the asking price?

The asking price for this property is $6,700,000.

What are key features of this property?

This property features: Strong existing revenue stream with a high occupancy rate of 72.7% in 2023 and a cap rate of 9.67%.; Significant potential for increased revenue with preliminary approval for a 30‑RV hookup park or hotel expansion, projected cap rate of 12.44%.; Prime location at the entrance of Hells Canyon attracts tourists year‑round.