3005 Green Mountain Road, Branson, MO

Hotel for Sale ‐ $6,350,000 ‐ 140,527 Sq. Ft. on 4.45 acres


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Agent Info

NameStephen Critchfield, CCIM
CompanyCommercial 1 Brokers LLC

Property Info

CIMLS #931285
Location3005 Green Mountain Road
Branson MO 65616
Last UpdatedSeptember 13th, 2017
TypeHotel
Price$6,350,000
Building Size140,527 Sq. Ft.
Lot Size4.45 acres

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Property Description

For Sale, Top Rated 200 Room Full Service Waterpark Hotel. Property amenities include a lobby with sitting areas, gift shop, and arcade, indoor water park, outdoor water park, snack bar, restaurant, salon / spa and 160 sq. Ft. Meeting space. Property includes 219 parking spaces, including handicapped spaces.

Location Description:

Located in the heart of the entertainment district and surrounded by approximately 10,000 hotel rooms and 8000 condominium and timeshare units. Retail, restaurants, live music theaters, a golf course and other family attractions surround this property. The property is located on two parcels that include the atrium (outdoor corridor units) and The Tower building that includes the interior corridor rooms as well as the water park and restaurant.

BAsed on all methods of reporting, the Branson lodging market continued its strong performance in 2016. Based on the 2017 STR report, comprised primarily of flag properties and most of the larger independents, Branson recorded its best results since the boom years in the early 90's. Record ADR's, REVPAR's, and Occupancy Rates were achieved. The city wide tourism tax collections for lodging recorded a 5.3% increase over 2015. This result reflects the activity of all lodging properties with the tourism district.

Highlights:

>> Branson's Lodging Market Now in its fifth year of growth

>> Record ADR's, REV PAR's and Occupancy Rate For The Market

>> Only 1 of 3 Indoor Waterpark Properties In The Market

>> Versital Offering of 102 Exterior Corridor Rooms and 98 Interior Corridor With Big Upside Opportunity

>> 5 Yr. Avg Daily Rate: Atrium Rooms $100.03 / The Tower Rooms $130.87, both above market average.

>> The Branson Lodging market is recording room demand increases at a faster rate than all other competitive destinations.

>> Family ownership group wishes to sell due to other family business conflicts and health issues.

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