720 5Th AveAnchorage, AK 99501

Property Details for 720 5Th Ave

Year built

1970

Lot size

0.61 AC

Property size (Sq ft)

125,629 SF

Zone code

B2B CENTRAL BUSINESS

Property type

Hospitality properties

Property subtype

Hotels

APN

002-101-40-000

APU

210140000

Description

This exceptional 200-key hotel, located in downtown Anchorage, Alaska, presents a compelling investment opportunity. The thirteen-story building, constructed in 1970 and renovated in 2016, sits on a 0.61-acre lot (APN: 002-101-40-000) and offers a range of amenities including a fitness center, business center, restaurant space, and 5,500 square feet of meeting space. The property is ideally situated near numerous attractions such as the Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, and Alaska Zoo, and is conveniently located two miles from the Port of Alaska and minutes from Ted Stevens Anchorage International Airport, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Anchorage's robust hospitality market, characterized by high RevPAR growth and significant barriers to entry due to high replacement costs, makes this a particularly attractive asset. The hotel can operate independently or be converted to a franchise. This offering represents a chance to acquire a full-service high-rise hotel in a thriving market, offered below replacement cost. The property is well-appointed and benefits from its central location within the city.

• CAP approach

  CAP return

  Valuation

  6%

  $38,489,432

  6.5%

  $35,528,704

  7%

  $32,990,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $89,741,464

  Geo Method

  $56,855,036

• Alternative Use

  Use

  Valuation

  Residential

  $38,787,024

  Hospitality

  $35,528,704

  Educational

  $29,559,466

  Medical

  $30,576,062

  Retail

  $45,981,392

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2173

Longitude

-149.896

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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