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Feb 14, 2019 — Seventy five plus room keys, nationally branded hotel strategically located in Anchorage. Priced less than appraisal. Hotel has been periodically upgraded and boasts a bistro/restaurant, meeting rooms, retail salon, business center, fitness center, and on-site guest laundry. Two revenue streams shelter hotel from seasonal tourism. A potential best use for this property may be its conversion to an assisted living facility. NDA required prior to releasing the package.
Profitable icon and landmark of Anchorage.
Competitive Overview Hotel & accommodation growth in Anchorage, AK has likely outpaced tourism demand. That said, there is very little land in Anchorage available or development without demolishing existing structures.
Potential Growth The demand for assisted living facilities to accommodate the elderly in Anchorage is on the rise and as baby boomers continue to age this impact will continue to be felt.