OFFERING MEMORANDUM 115 N. & 145 N. Main St....• 23 Rooms Independent Motel • 110 Seat Highly...

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243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com

Exclusively Listed by:

www.naihospitality.com

SALE | H

OTEL & R

115 N. & 145 N. Main St.Manti, Utah 84642

OFFERING MEMORANDUM

Greg Whitehead, MBAoffice: direct: email:

435.628.1609435.627.5733gregw@naiexcel.com

Gregg McArthur, MBAoffice: direct: email:

435.628.1609435.627.5740greggm@naiexcel.com

115 North & 145 North Main • Manti, Utah 84642

CONFIDENTIALITY & DISCLAIMER

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principal. no warranties or representations are made as to the condition of the property or any hazards contained therein are to be implied. The information portrayed on the map, while not guaranteed, has been secured from sources deemed reliable. Consult a surveyor for precise boundaries.

NAI Excel | naiexcel.comGreg Whitehead | Gregg McArthurOffered By:

PROPERTY DESCRIPTION

PROPERTY SUMMARY

PROPERTY PHOTOS

LOCATION MAPS

DEMOGRAPHIC ANALYSIS

AREA INFORMATION

Table of Content

115 N. & 145 N. Main • Manti, Utah 84642

NAI Excel | naiexcel.com

Property DescriptionNAI Excel Hospitality has been retained to exclusively represent the owner in the sale of the 23 room Country

Village Motel and Dirk’s Farmhouse Restaurant. This beautiful hospitality property is located the heart Sanpete

County in Manti, Utah. Located approximately 120 miles south of Salt Lake City. The Country Village Motel and

Dirk’s Farmhouse property is conveniently located on Highway 89 which is noted as ‘National Parks Highway’ as it

links tourist to seven national parks across the intermountain west. Near by attractions include Snow College, the

Arapeen ATV trails, Palisades Golf Course and Manti Temple.

Property amenities include: brick exterior construction built in 1987, covered entryway and walkways, full lobby

and check in area, on-property full-service stand alone restaurant. The hotel has the following room amenities:

Flat screen TVs, complimentary WIFI internet access, microwave and fridge in each room, direct dial phones, hard

wood furniture, large suites available, and handicap accessible room available.

The Country Village Motel had revenue of $246,794.32 in 2018 and Dirk’s Farmhouse Restaurant had $500,892.20

in sales in 2018. This is the perfect opportunity for a new or existing operator to enter the into a well maintained

highly regarded independent hospitality property in the heart of central Utah.

1Greg Whitehead | Gregg McArthurOffered By:

SALE | H

OTEL & R

Investment Highlights

• Premier location in Sanpete County on Highway 89

• 23 Rooms Independent Motel

• 110 Seat Highly Rated Restaurant

• Well built and property maintained property

• $246,794.32 in 2018 sales for County Village Motel.

• $500,982.20 in 2018 sales for Dirk’s Farmhouse Restaurant.

Common Area Features

• Brick Exterior Construction

• Covered Entryway with Full Lobby

• On Site 2 Bedroom Manager’s Apartment

• On Site Restaurant with Excellent Reputation

Common Area Features

• Flat Screen TVs

• Complimentary WIFi Internet Access

• Microwave and Fridge in Each Room

• Direct Dial Phones

• Hard Wood Furniture

• Large Family Suites Available

• Handicap Accessible Room

OFFERING TERMS

SALE PRICE

$1,295,000

FOR MORE INFORMATIONhttp://helloarti.com/view/34729

TEXT 18650 TO 39200

NAI Excel | naiexcel.com 2Greg Whitehead | Gregg McArthurOffered By:

Property SummaryPROPERTY Manti Country Village Motel &

Dirk's Farmhouse Restaurant

PROPERTY ADDRESS 115 N Main & 145 N Main StreetManti, UT 84642

TAX ID 1561

FOUNDATION Concrete

FRAMING Wood

EXTERIOR Brick

PARKING SURFACE Asphalt

ROOF Tar & Gravel

PLUMBING PVC

ELEVATOR NA

HVAC PTAC

WATER Manti City

PHONE MTCC Fiber Internet

ELECTRIC Manti City

GAS Questar Gas

HEATING SYSTEM PTAC

CONDITION OF HEATING SYSTEM Good

COOLING SYSTEM PTAC

CONDITION OF COOLING SYSTEM Good

TYPE OF BATH/SHOWER Shower Tub Combo

CONDITION OF BATH SHOWER Good

BATHROOM FLOORING TYPE Linoleum & Tile

CONDITION OF BATHROOM FLOORING Good

DRESSING AREA Ample

CONDITION OF DRESSING AREA Good

TYPE OF FURNITURE Solid Wood

CONDITION OF FURNITURE Good

WINDOW COVERINGS Drapes

CONDITION OF WINDOW COVERINGS Good

ROOM FLOOR COVERINGS Carpet

CONDITION OF FLOOR COVERINGS Good

WALL COVERINGS Textured/Painted

CONDITION OF WALL COVERINGS Good

TELEVISIONS 39"

CONDITION OF TELEVISIONS Good

MICROWAVE/REFRIGERATOR In Each Room

CONDITION OF MICROWAVE/REFRIGERATOR Good

PHONE SYSTEM Direct Dial

INTERNET ACCESS Wireless Internet

YEAR BUILT/RENOVATED 1987

LOT SIZE 0.83

TYPE OF OWNERSHIP Fee Simple

PARKING Ample

HANDICAP PARKING Available

TRUCK PARKING NA

PROPERTY TIER Budget

LOCATION TYPE Urban

QUEEN QUEEN 14

QUEEN 5

KING 2

3 QUEEN 2 ROOM FAMILY SUITE 1

4 QUEEN 2 ROOM FAMILY SUITE 1

MANAGERS UNIT 1 - 2 Bedroom 1 Bath Apt.

TOTAL NUMBER OF ROOMS 23

Greg Whitehead | Gregg McArthur NAI Excel | naiexcel.comOffered By: 3

The Offering

Construction/Mechanical

Utilities

Interior Room Detail

Site Description

Room Breakdowns

SALE | H

OTEL & R

NAME OF OUTLET Dirks Farmhouse Retaurant

TYPE OF OUTLET Sit Down Casual

LOCATION On Site

DISTANCE On Site

SERVES American Diner

NAME OF OUTLET Miller's Drive-Thru

TYPE OF OUTLET Fast Food

LOCATION Nearby

DISTANCE .2 Miles

SERVES American Burgers

NAME OF OUTLET Main Street Pizza

TYPE OF OUTLET Sit Down Casual

LOCATION Nearby

DISTANCE .2 Miles

SERVES Pizza

Food and Beverage Service

FRANCHISE PARENT COMPANY Independent

FRANCHISE AFFILIATION N/A

FRANCHISE ROYALTY FEE N/A

FRANCHISE SYSTEM FEE $0.00

TRANSFER FEE (PAID BY BUYER) None

SEATING CAPACITY 110

TYPE Stand Alone Adjacent Building

PARKING Ample

KITCHEN Full Service

HIGHWAY Highway 89

AIRPORTS Salt Lake City International (120 Miles)

Franchise

Dirk's Farmhouse Restaurant

Transportation

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Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 7

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Jason Griffith, CCIM NAI Excel | naiexcel.comOffered By: 9

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MANTI HIGH SCHOOL

FIRST NORTH

200 NORTH

National Parks in Utah

NAI Excel | naiexcel.com 12Greg Whitehead | Gregg McArthurOffered By:

Site MapRing: 1 mile radius Carly Everett

Latitude: 39.2637Longitude: -111.6350

August 21, 2019

POPULATION 1-mile 3-mile 5-mile

2018 Population 3,256 4,133 4,323

HOUSEHOLDS 1-mile 3-mile 5-mile

2018 Avg. Household Size 3.15 3.31 3.30

INCOME 1-mile 3-mile 5-mile

2018 Average HH Income $65,304 $64,956 $64,996

BUSINESS 1-mile 3-mile 5-mile

Total Businesses 156 162 164

Total Employees 1,152 1,209 1,225

Demographics FOR

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OTEL & R

FROM MANTI

Salt Lake City, Utah 124 MILES

Las Vegas, Nevada 329 MILES

Los Angeles, California 597 MILES

San Deigo, California 658 MILES

Denver, Colorado 476 MILES

Phoenix, Arizona 541 MILES

243 E. St. George Blvd. Suite 200St George, Utah 84770(435) 628.1609 | naiexcel.com

Offered By:

Regional Parks VisitationDistance to Major Cities

Population/Economy• Sanpete County — 30,035 • Cedar City — 3,540• Median Income of $18,197• Cost of Living Index of 91.3• Unemployment Rate of 3.8%• Median house value of $206,600

Manti, UtahManti, located on Heritage Highway 89 between Gunnison and Ephraim, was settled in 1849 by Mormon pioneers primarily from the east coast who were sent from Salt Lake City to stake claim to the territory. During the early 1850s, a close-knit community of Danish, Swedish, and Norwegian Mormon immigrants settled in Manti, and later in other nearby towns.

2016 2011 2007 Distance

Zion National Park 4,317,028 2,847,403 2,679,181 215 MILES

Bryce Canyon National Park 2,365,110 1,285,492 1,012,563 135 MILES

Canyonlands National Park 776,218 435,908 417,560 193 MILES

Capitol Reef National Park 1,064,904 662,661 554,907 101 MILES

Arches National Park 1,585,718 1,014,405 860,181 181 MILES

Grand Canyon National Park 1,064,904 662,661 554,907 271 MILES

VIEW MARKET STATISTICS FOR OFFICE,

RETAIL, INDUSTRIAL & MULTIFAMILY AT

naiexcel.com/research

Greg Whitehead, MBAoffice: direct: email:

435.628.1609435.627.5733gregw@naiexcel.com

Gregg McArthur, MBAoffice: direct: email:

435.628.1609435.627.5740greggm@naiexcel.com

SALE | H

OTEL & R

OFFERING MEMORANDUM 115 N. & 145 N. Main St....• 23 Rooms Independent Motel • 110 Seat Highly...

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