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Motel 6 Moab1089 North Main Street, Moab UT 84532
O F F E R I N G M E M O R A N D U M
Motel 6 MoabCONTENTS
Exclusively Marketed by:
Trenton Bright
(435) [email protected]
Cole Waterfall
(385) [email protected]
Daniel Davis
(435) [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.
01 Executive Summary Investment Summary 5 Location Summary 6
02 Property Description Property Features 8 Property Images 9
03 Demographics Demographics 13 Demographic Charts 15
Confidentiality & DisclaimerAll materials and information received or derived from KW South Valley Keller Williams its directors, officers, agents, advisors, affiliates and/or
any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,
compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property,
projected financial performance of the property for any party’s intended use or any and all other matters.
Neither KW South Valley Keller Williams its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or
implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any
source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to
determine these and other matters of significance to such party. KW South Valley Keller Williams will not investigate or verify any such matters or
conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections
and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be
verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals.
KW South Valley Keller Williams makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial
data or assumptions. KW South Valley Keller Williams does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or
performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be
established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market
conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the
party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should
be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies
with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other
consultants and governmental agencies. All properties and services are marketed by KW South Valley Keller Williams in compliance with all
applicable fair housing and equal opportunity laws.
Motel 6 Moab Confidentiality and Disclaimer | 03
Copyright © 2019 CREOP, LLC. All Rights Reserved.
Motel 6 M
oab | Executive Summ
ary
Executive Summary
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Investment Summary
Location Summary
Motel 6 Moab Investment Summary | 05
OFFERING SUMMARYADDRESS 1089 North Main Street
Moab UT 84532COUNTY GrandMARKET Midscale ClassSUBMARKET St. George/Cedar City, UTTOTAL ROOMS 66YEAR BUILT 2012APN 01-0035-0030OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE $9,900,000PRICE PER KEY $150,000OCCUPANCY 74.70 %
PROPOSED FINANCINGLOAN TYPE Fully AmortizedDOWN PAYMENT $1,980,000LOAN AMOUNT $7,920,000INTEREST RATE 5.50 %ANNUAL DEBT SERVICE $539,643LOAN TO VALUE 80 %AMORTIZATION PERIOD 30 Years
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 2,509 6,060 7,7372019 Median HH Income $46,752 $45,043 $45,3152019 Average HH Income $62,384 $56,886 $58,486
Motel 6 Moab Location Summary | 06
Motel 6 is a U.S. privately owned hospitality company witha chain of budget motels in the United States and Canada.Motel 6 also operates Studio 6, a chain of extended-stayhotels. The hotel brand is owned by The Blackstone Group,which established G6 Hospitality as the managementcompany for Motel 6 and Studio 6In March 2008, Motel 6 began a system-wide renovationprogram called the "Phoenix Project" to update the look andamenities of all bedrooms.Before the remodel, most rooms had colorful road-tripinspired bed covers, carpeted floors, shower curtains, CRTtelevisions and beige furnishings.Stained carpets and dirtyshower curtains were a common complaint on onlinecustomer reviews.The remodel was designed with an eye towards not onlymodernizing rooms but keeping room rates low for years tocome. Designers accomplished this by making the roomsmore energy efficient, easy to clean, and easier to keepclean in the long term (keeping housekeeping andmaintenance costs low).The remodel earned Motel 6 Travel & Leisure magazine’s2010 design award for Best Large Hotel.
This unpretentious budget lodging is on Moab's MainStreet.The colorful, modern rooms include flat-screen TVswith expanded cable channels, plus wood floors, granitecounter tops and free WiFi. Kids 17 and under stay freewith an adult family member.Free morning coffee and truckparking are offered, and there's a seasonal outdoor pool, ayear-round hot tub and a coin laundry
Regional Map
Locator Map
Motel 6 M
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Property Description
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Property Features
Aerial Map
Parcel Map
Additional Maps
Amenities
Property Images
Motel 6 Moab Property Features | 08
PROPERTY FEATURESTOTAL ROOMS 66LAND ACRES 2.1YEAR BUILT 2012# OF PARCELS 1NUMBER OF STORIES 3NUMBER OF BUILDINGS 1NUMBER OF PARKING SPACES 66PARKING RATIO 1.0TRAFFIC COUNTS 13,000NUMBER OF INGRESSES 4NUMBER OF EGRESSES 4ROOMS SOLD 17,964ROOMS FOR SALE 24,090
CONSTRUCTIONFOUNDATION CementFRAMING WoodEXTERIOR StuccoPARKING SURFACE AsphaltROOF Metal/ Corrugated steelLANDSCAPING Gravel, Bushes, TreesWINDOWS Double PaneADA COMPLIANT YesELEVATOR Yes
AMENITIESLAUNDRY YesPOOL YesCOMPLIMENTARY BREAKFAST YesICE/VENDING MACHINES YesAIR CONDITIONED YesWIFI YesINTERIOR/EXTERIOR CORRIDOR Interior
Motel 6 Moab Property Images | 09
Motel 6 Moab Property Images | 10
Motel 6 Moab Property Images | 11
Motel 6 M
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Demographics
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Demographic Details
Demographic Charts
Motel 6 Moab Demographics | 13
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 1,964 5,207 6,489
2010 Population 2,184 5,545 7,075
2019 Population 2,509 6,060 7,737
2024 Population 2,672 6,341 8,121
2019 African American 19 46 53
2019 American Indian 212 370 420
2019 Asian 24 82 106
2019 Hispanic 422 791 920
2019 Other Race 156 326 372
2019 White 2,044 5,084 6,590
2019 Multiracial 52 149 194
2019-2024: Population: Growth Rate 6.35 % 4.55 % 4.85 %
2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 84 284 366
$15,000-$24,999 119 322 416
$25,000-$34,999 77 274 341
$35,000-$49,999 246 490 613
$50,000-$74,999 182 522 642
$75,000-$99,999 128 296 355
$100,000-$149,999 92 219 324
$150,000-$199,999 24 53 74
$200,000 or greater 23 29 45
Median HH Income $46,752 $45,043 $45,315
Average HH Income $62,384 $56,886 $58,486
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 808 2,323 2,854
2010 Total Households 855 2,303 2,931
2019 Total Households 973 2,489 3,177
2024 Total Households 1,034 2,595 3,324
2019 Average Household Size 2.56 2.40 2.40
2000 Owner Occupied Housing 552 1,382 1,770
2000 Renter Occupied Housing 201 709 835
2019 Owner Occupied Housing 635 1,526 2,034
2019 Renter Occupied Housing 338 963 1,143
2019 Vacant Housing 126 370 471
2019 Total Housing 1,099 2,859 3,648
2024 Owner Occupied Housing 679 1,584 2,126
2024 Renter Occupied Housing 355 1,011 1,198
2024 Vacant Housing 139 396 508
2024 Total Housing 1,173 2,991 3,832
2019-2024: Households: Growth Rate 6.10 % 4.20 % 4.55 %
Source: esri
Motel 6 Moab Demographics | 14
2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2019 Population Age 30-34 150 371 456
2019 Population Age 35-39 152 391 496
2019 Population Age 40-44 164 377 477
2019 Population Age 45-49 157 365 470
2019 Population Age 50-54 146 351 448
2019 Population Age 55-59 170 439 569
2019 Population Age 60-64 159 411 550
2019 Population Age 65-69 113 296 438
2019 Population Age 70-74 78 245 346
2019 Population Age 75-79 67 175 233
2019 Population Age 80-84 45 115 148
2019 Population Age 85+ 48 115 142
2019 Population Age 18+ 1,874 4,676 6,007
2019 Median Age 37 38 40
2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $58,094 $51,032 $51,953
Average Household Income 25-34 $76,155 $66,556 $67,715
Median Household Income 35-44 $58,573 $55,098 $54,903
Average Household Income 35-44 $74,754 $66,941 $68,390
Median Household Income 45-54 $52,091 $51,099 $51,727
Average Household Income 45-54 $71,538 $65,712 $67,614
Median Household Income 55-64 $44,446 $47,786 $48,635
Average Household Income 55-64 $52,794 $54,203 $56,642
Median Household Income 65-74 $40,292 $39,238 $39,422
Average Household Income 65-74 $52,055 $48,494 $51,237
Average Household Income 75+ $44,743 $37,716 $38,914
2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2024 Population Age 30-34 184 421 516
2024 Population Age 35-39 147 353 441
2024 Population Age 40-44 150 361 473
2024 Population Age 45-49 164 366 474
2024 Population Age 50-54 158 376 489
2024 Population Age 55-59 147 366 471
2024 Population Age 60-64 166 424 562
2024 Population Age 65-69 149 354 498
2024 Population Age 70-74 101 290 424
2024 Population Age 75-79 66 209 297
2024 Population Age 80-84 52 136 182
2024 Population Age 85+ 51 122 154
2024 Population Age 18+ 2,003 4,934 6,358
2024 Median Age 36 38 40
2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $62,818 $55,256 $56,162
Average Household Income 25-34 $81,325 $71,675 $72,801
Median Household Income 35-44 $60,497 $56,471 $57,435
Average Household Income 35-44 $78,002 $70,122 $72,679
Median Household Income 45-54 $54,482 $53,561 $54,507
Average Household Income 45-54 $76,775 $70,558 $72,953
Median Household Income 55-64 $46,380 $50,658 $51,491
Average Household Income 55-64 $57,017 $58,340 $61,668
Median Household Income 65-74 $40,820 $41,387 $42,033
Average Household Income 65-74 $54,404 $52,164 $55,498
Average Household Income 75+ $48,428 $40,246 $42,211
Motel 6 Moab Demographic Charts | 15
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Population by Race
Motel 6 Moab Demographic Charts | 16
2019 Household Occupancy - 1 Mile Radius
Average Income Median Income
2019 Household Income Average and Median
Motel 6 Moab
Exclusively Marketed by:
Trenton Bright
(435) [email protected]
Cole Waterfall
(385) [email protected]
Daniel Davis
(435) [email protected]
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