720 5th Ave Anchorage, AK 99501-2118

Property Details for 720 5th Ave

Year built

1970

Lot size

0.61 lot acres

Property size

125,629 SF

Zone code

B2B CENTRAL BUSINESS

Property type

Hotels

Property subtype

Motels

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.

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Longitude

-149.896

Latitude

61.2173

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments