261 Bear River Dr

Evanston 82930

Property Type: Hospitality

Property Features

  • Price: $2,000,000
  • Total Lot Size: 4.4
  • Building Size: 38,130
  • Year Built: 1981

Property Description

Peak Collective Real Estate is pleased to present this Motel 6 hospitality listing in Evanston, WY.​ This property is a 93-room, lodging facility.​ The 38,130 SF motel was built in 1981, and includes all basic services for a property of this type and offers amenities including a swimming pool, lounge, business center, and ice and vending machines.​ This Motel 6 is the first branded hotel/motel off of Interstate 80 entering Evanston coming from the east.​ Value could be added to this property by updating the exterior and lobby, placing additional freeway signage, enclosing the swimming pool, and opening up the hotel bar that is currently being used for storage.​ There are 100 rooms, but some are being used as a large manager’s apartment and storage.​ Another value-add proposition would be converting this property into multi-family units or an extended stay motel.​ Conveniently located next to a truck stop.​ Additional parking for trucks, RVs, and larger vehicles is available in the gravel lot behind Motel 6.​ Motel 6 is located just off Interstate 80.​ Evanston, Wyoming is a bridge between major cities like Salt Lake City, Las Vegas, Denver, Omaha, and Boise.​ Please do not disturb hotel guests or employees.​ Property tour dates are available by appointment only.​

List Price: $2,000,000

Parcel #: 152022200009

Tax ID #:  000049

Address: 261 Bear River Dr, Evanston, WY 82930

Kody Watts

Co-Owner and Co-Founder

Kody@PeakCollectiveGroup.com

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Confidentiality Agreement

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Agreement

CONFIDENTIALITY & NONCIRCUMVENTION AGREEMENT

MOTEL 6

261 Bear River Dr, Evanston, WY 82930

The Seller has provided confidential information to Peak Collective Real Estate, Keller Williams Realty – Central Wyoming (Broker) for the intent of marketing, buying, and/or selling their business, real estate, and/or assets. In consideration of the disclosure of certain confidential information, Prospect hereby understands and agrees to the following:

Prospect agrees to keep all Confidential Information in the strictest confidence and will not disclose the same to third parties except as hereinafter provided. The term “Confidential Information” includes any and all information provided to Prospect by Seller or Broker regarding the operations, interests, financial performance, and/or assets of Seller, and includes information provided through discussion of the operations, interests, financial performance, and/or assets of Seller.

Prospect agrees not to disclose any confidential information to any other person who has not also signed this Agreement except to secure the advice and recommendations of those professionals who constitute Prospect’s business advisors and lending institutions who will be directly involved in evaluating the operations, interests, and/or assets of Seller for or on behalf of Prospect. In sharing Confidential Information with said professionals, Prospect agrees to prohibit disclosure of the same by those professionals to any third parties and assumes direct responsibility for enforcing such prohibition and for any breach thereof. Any information which is disclosed pursuant to this agreement shall remain completely confidential until the sooner of: (a) the public disclosure of said information by the party to which the information belongs, or (b) any applicable limitation set forth by law.

Prospect agrees it will not in any way contact the landlords, employees, suppliers, customers, or any other person or entity associated with the Seller without the Seller’s prior consent. Any information obtained by Prospect through such authorized contact shall be considered Confidential Information and treated as stated herein. Prospect agrees it will not make copies of any Confidential Information provided herein except with written authorization from Seller. Prospect will immediately notify Broker of any unauthorized releases of Confidential Information. Broker makes no warranty, express or implied, as to the accuracy of said Confidential Information and is not responsible for the same. Prospect, therefore, agrees to hold Broker harmless for any inaccuracies in such Confidential Information and is not responsible for the same. Prospect, therefore, agrees to hold Broker harmless for any inaccuracies in such Confidential Information, or for any incompleteness in the same which operates to the detriment of Prospect. It is the responsibility of the Prospect to determine the accurateness, or lack thereof, of any Confidential Information provided.

Prospect agrees not to use Confidential Information received to its advantage by directly competing with Seller. In the event Prospect determines not to purchase the business operations, interests, and/or assets of Seller, all Confidential Information shall be surrendered to Broker upon written request and Prospect will not use, disclose, or disseminate any of said Confidential Information thereafter. Prospect agrees and acknowledges that any breach of this agreement would cause irreparable harm to Seller for which damages will be difficult to ascertain. Therefore, in addition to all available remedies of the law, Seller shall be entitled to equitable relief. Seller and/or Broker shall be entitled to recover from Prospect attorney fees and costs associated with enforcing this agreement. The Prospect hereby further agrees not to circumvent Broker or directly contact, negotiate, or enter into an agreement to acquire the property or assets of Seller without working through Broker. Prospect acknowledges that Broker is entitled to equitable compensation for its services and breach of this agreement could Compromise

Broker’s ability to collect compensation from Seller. Therefore, in addition to all available remedies of the law, Broker shall be entitled to equitable relief including a fee equal to 10% of the purchase price. Upon signing this agreement, Broker will provide Prospect information on one or multiple properties and/or businesses. This agreement shall be fully applicable and in force for the property located at 261 Bear River Dr, Evanston, WY 82930 (the Property) presented to Prospect by Broker for a period of 2 years from the date of this agreement or for as long as Broker is entitled to earn a commission from Seller, whichever is less. This agreement shall survive the closing or sale of the Property, and shall be binding on Prospect’s heirs, successors and/or assigns. This agreement shall be governed by and is subject to the laws of the State of Wyoming. If any provision is found unenforceable or invalid there under it will not invalidate or render the remaining provisions unenforceable. I acknowledge that I have read the Agreement carefully, fully understand it, and agree to it.

Recipient understands that while the information provided by Broker and the Owner is believed to be accurate, it is not guaranteed and should be confirmed independently by the Recipient. Recipient understands that Kody Watts with Keller Williams Realty – Central Wyoming shall be representing the Owner exclusively in any transaction involving the Property

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