— For Sale —

Offering Price $2,250,000

Total Acres ± 3.14 AC

Price Per Acre $716,561

Zoning TC – Tourist Commercial

Property Information

This fully entitled, ±3.14-acre development site at 1096 Cobre Street, Wells, NV 89835 presents the opportunity to develop a 4-story, 103-key dual-brand hotel consisting of 73 La Quinta Inn & Suites and 30 Hawthorn Extended Stay keys under a secured Wyndham franchise agreement. Situated at the corner of US Highway 93 and Cobre Street near the Interstate 80 interchange, the Property offers exceptional visibility and access along one of northern Nevada’s most traveled highway corridors, with approximately 9,000 vehicles per day on I-80 and 4,200 on US Highway 93.

The proposed hotel will be the first Wyndham dual-brand La Quinta / Hawthorn in Nevada and the first extended-stay product in Wells, with no competing supply in the pipeline. The La Quinta Inn & Suites will serve transient and business travelers while the Hawthorn Extended Stay will offer suite configurations with full kitchens across 30 keys, together capturing both the short-term and long-term lodging demand driven by the region’s expanding gold mining and lithium exploration activity, railroad and logistics operations, and highway traveler base. Third-party hospitality projections show the property reaching 72.1% occupancy in Year 1, stabilizing at 80.0% in Year 2, and reaching 82.5% by Year 5, with RevPAR outperforming the competitive market beginning in Year 2.

Contact

Brokerage

Cathy Jones,
CPA, SIOR, CCIM

Executive Vice President
Las Vegas
License BS.0056010
C 702.595.8765
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Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
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O 775.433.1104
C 775.386.9727
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Brokerage

Michael Dorn

Vice President
Reno
License S.189635
O 775.433.1109
C 775.453.4436
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Brokerage

Kimberly Boyle

Associate
Las Vegas
License S.0204210
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O 702.954.4174
C 702.807.0186
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Brokerage

Paul Miachika

Executive Vice President
Las Vegas
License S.0184612
O 602.814.0661
C 602.670.6576
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Brokerage

Blaze Katz, CCIM

Senior Associate
Las Vegas
License S.0195070
C 702.690.0407
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Brokerage

Allyson Weber

Associate
Las Vegas
License S.0199573
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O 702.954.4183
C 702.278.8865
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