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Downtowner Boutique Hotel & Annex Parcels 129 N 8th St 166 Room Hotel Las Vegas, NV 89101 $16,900,000 ($101,807/Room)
INVESTMENT HIGHLIGHTS
- PRIME DOWNTOWN LAS VEGAS LOCATION: The hotel is situated in the heart of downtown Las Vegas.
- STRONG HISTORICAL PERFORMANCE & RECENT IMPROVEMENTS: The hotel has consistent revenue growth over the past several years.
- FAVORABLE MARKET CONDITIONS: The city has consistently seen strong tourism numbers.
- VALUE-ADD OPPORTUNITY: Qualified Buyers have the opportunity to purchase six (6) additional parcels in conjunction with The Downtowner.
- OPPORTUNITY ZONE: The hotel is located within a designated Opportunity Zone in Las Vegas offering exceptional tax advantages.
EXECUTIVE SUMMARY
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
The Downtowner Boutique Hotel
The Downtowner Boutique Hotel, featuring 125 limited-service hotel rooms on ±0.82 AC, is located in an Opportunity Zone in the heart of downtown Las Vegas. The Property is situated on the southwest corner of E. Ogden Avenue and N. 8th Street with ample frontage across both streets. The Downtowner Boutique Hotel consists of 2 buildings, the Main Building and the Wylde, and an interior event area along with a ±0.15 AC rectangular parking lot which can accommodate up to 19 parking spots. The Main Building is located at 129 N. 8th Street followed by the Wylde which is adjacent to the main building and is located at 121 N. 8th Street, and lastly a ±0.15 parking lot to the west of the Main Building located at 100 N 7th. Street. In addition, the hotel features include Wi-Fi in all rooms, express check-in/check-out, a fitness center and a 6-hole mini golf course in the courtyard. There were also significant capital expenditures by ownership to upgrade the Fairway rooms located in the Main Building in 2018/2019 and the Wylde rooms in 2024.
The Annex Parcels
This additional offering to The Downtowner Boutique Hotel is comprised of (i) a closed, 41-room, 2-story Annex Building situated on ±0.16 acres located at 110 N. 8th St. and the parking lot situated on ±0.48 acres located at 108 N. 8th St., formerly operating as part of The Downtowner, (ii) a closed, 11-unit, 2-story apartment building with a pool situated on ±0.16 acres located at 120 N. 8th St. and the parking lot situated on ±0.16 acres located at 124 N. 8th St., and (iii) an undeveloped corner lot situated on ±0.16 acres located at the northeast corner of N. 8th St. and Fremont St. with an address of 800 Fremont St. All Properties are situated within an Opportunity Zone on ±1.12 acres with frontage on N. 8th St. between E. Ogden Ave (±3,350 CPD) and Fremont St. (±13,100 CPD).
Total Rooms: 166
Operating Hotel Rooms: 125
Non-Operating Hotel Rooms: 41*
Non-Operating Apartments: 11*
*Requires Significant Repairs
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
The Downtowner Boutique Hotel
The Downtowner Boutique Hotel, featuring 125 limited-service hotel rooms on ±0.82 AC, is located in an Opportunity Zone in the heart of downtown Las Vegas. The Property is situated on the southwest corner of E. Ogden Avenue and N. 8th Street with ample frontage across both streets. The Downtowner Boutique Hotel consists of 2 buildings, the Main Building and the Wylde, and an interior event area along with a ±0.15 AC rectangular parking lot which can accommodate up to 19 parking spots. The Main Building is located at 129 N. 8th Street followed by the Wylde which is adjacent to the main building and is located at 121 N. 8th Street, and lastly a ±0.15 parking lot to the west of the Main Building located at 100 N 7th. Street. In addition, the hotel features include Wi-Fi in all rooms, express check-in/check-out, a fitness center and a 6-hole mini golf course in the courtyard. There were also significant capital expenditures by ownership to upgrade the Fairway rooms located in the Main Building in 2018/2019 and the Wylde rooms in 2024.
The Annex Parcels
This additional offering to The Downtowner Boutique Hotel is comprised of (i) a closed, 41-room, 2-story Annex Building situated on ±0.16 acres located at 110 N. 8th St. and the parking lot situated on ±0.48 acres located at 108 N. 8th St., formerly operating as part of The Downtowner, (ii) a closed, 11-unit, 2-story apartment building with a pool situated on ±0.16 acres located at 120 N. 8th St. and the parking lot situated on ±0.16 acres located at 124 N. 8th St., and (iii) an undeveloped corner lot situated on ±0.16 acres located at the northeast corner of N. 8th St. and Fremont St. with an address of 800 Fremont St. All Properties are situated within an Opportunity Zone on ±1.12 acres with frontage on N. 8th St. between E. Ogden Ave (±3,350 CPD) and Fremont St. (±13,100 CPD).
Total Rooms: 166
Operating Hotel Rooms: 125
Non-Operating Hotel Rooms: 41*
Non-Operating Apartments: 11*
*Requires Significant Repairs
Link to access the OM: https://logiccre.com/1031_properties/the-downtowner-annex-parcels/
PROPERTY FACTS
| Price | $16,900,000 | No. Rooms | 166 |
| Price Per Room | $101,807 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1965/2019 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.22/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.64 AC | Opportunity Zone |
Yes
|
| Building Size | 59,392 SF | ||
| Zoning | C2 - T-5 Main Street | ||
| Price | $16,900,000 |
| Price Per Room | $101,807 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 59,392 SF |
| No. Rooms | 166 |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2019 |
| Tenancy | Single |
| Parking Ratio | 0.22/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C2 - T-5 Main Street |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 166 | $94.00 | - |
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Numbers | 139-34-612-033, 139-34-612-018, 139-34-612-030, 139-34-612-009, 139-34-612-017, 139-34-612-031, 139-34-612-032, 139-34-612-034, 139-34-612-029 | Improvements Assessment | $668,116 |
| Land Assessment | $1,377,090 | Total Assessment | $2,045,206 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,377,090
Improvements Assessment
$668,116
Total Assessment
$2,045,206
MAP
ADDITIONAL PHOTOS
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels
The Downtowner & Annex Parcels