Castle Rock Resort & Water Park

 

Property Overview

For Sale, Top Rated 200 Room Full Service Water park 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.

 

Property Highlights

  • Branson’s Lodging Market Now in its fifth year of growth. Recorded room demand increases at a faster rate and above all other competing destinations.
  • Record ADR’s, REV PAR’s and Occupancy Rate for the Market
  • Only 1 of 3 Indoor Water park Properties in the Market
  • Versatile Offering of 102 Exterior Corridor Rooms and 98 Interior Corridor with Big Upside Opportunity to concert over time and add to the asset.
  • 5 yr. Avg. Daily Rate: Atrium Rooms $100.03. The Tower Rooms $130.87. Both performed above the market average for 2016.
  • Operating Results have suffered over the last three years due to other business interest and health issues.

 

Property Summary

Sale Price: $6,350,000

Cap Rate: 6.11%

NOI: $418,463

Lot Size: 4.45 Acres

Building Size: 140,527 SF

Zoning: Commercial

Market: Hotel