Listing: 0147597
Status: New Listing
Location: Teton Village
Type: Ski In / Ski Out, Resort Property, All Properties
Price: $26,500,000
Beds:
Baths:
Sqft: 144,450
Acres:
Views: Mountain
Ski In/Out: Yes
Furnished:
Rental History:
HOA:
Garage: |
The Inn at Jackson Hole is recognized as one of the original venerable premier lodging properties at the base of the world renowned Jackson Hole Mountain Resort. The Inn at jackson Hole is literally located central to all major ski runs at the Mountain Resort and thus walking distance to all amenities at the Mountain.
Extensive remodeling and renovations conducted over the past several years have maintained the Inn at Jackson Hole as a quality lodging experience at Teton Village in the face of the recent onslaught of extreme high end development over the past several years, including the Four Seasons Resort, Snake River Lodge and Spa, Teton Mountain Lodge, and most recently, Hotel Terra, not to mention the wildly exciting new resort community of Shooting Star adjacent to Teton Village.
The Inn at Jackson Hole offers 83 total hotel rooms, comprised of 25 Superior Poolside, 25 Superior Mountain side, 20 Deluxe rooms, and 13 Premium suites.
Amenities include heated pool, conference rooms, onsite restaurant and bar, and a cozy inviting lobby staffed by friendly and helpful personnel.
The Inn at Jackson Hole is a completely viable investmetn as a continued lodging operation, with a long history of continual strong financials. There would appear to be no reason that the successful financial operations cannot continue.
Notwithstanding however, the more likely definition of highest and best use for the subject site is its eventual demolition and redevelopment into a new luxury hotel-condo as has been the experience at Teton Village the past few years identified above.
The Teton Village Master Plan is an approved development document outlining parameters for development at Teton Village. Thus it is more a matter of what you can develop more so than if you can develop at Teton Village.
THE Master Plan allows for up to 107,000 Square Feet of new above grade development on this site. THE Master Plan allocates 181 APOs (average peak occupancy) to the site, which translates into either 90 standard hotel rooms, or 45 individual condominium ownership units.
The current ownership has commenced preliminary development processes with the County for a condo hotel project. The proposal calls for 45 individual condo-tel units, configured into multiple lock off components resulting in a total of 113 key lodging potential.
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