Description
Why own a single rental when you can own the entire resort?! That's right, this opportunity has 3 separate units with a central pool/hot tub located close to Zion National Park, Sand Hollow Lake and St George. The property is zoned highway commercial which is unique and allows for short term rentals. Area 51 is a themed unit with the Hangar 18 being the focal point with a full scale flying saucer that doubles as a bunk room with a flight deck, a cryogenics bunk room as well as 3 suites with private on-suite baths. (The bunk rooms also have their own baths). The pool is a play pool with a volley ball net, shamoo shelf play area and a 8 person hot tub. Notes may be assumable. See additional info for details. Where this is a commercial zoned property, SBA financing is an option. Current SBA loan may assumable based on borrower qualifications and equity position. Danny Johnson @ Cache Valley Bank is the contact to discuss assumption options with.
A change to the ADR (Average Daily Rate) can improve occupancy figures but may or may not increase revenues. This is a continuous effort of nightly rental operations. The summary data does not include expenses that the detail data has listed as expenses are a variable.
Disclosure: Escape Properties operates the property for a fee and is also a member of the LLC that owns the property. You can bring your own manager or self manage this property. Escape Properties is the listing brokerage with Kendall Clements as the Broker.
