2 Hotels - Westmark Sitka & Totem Square Hotels - $15.5M

Sitka, AK (Sitka County)

2 Hotels - Westmark Sitka & Totem Square Hotels - $15.5M
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Asking Price: $15,500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1978

2 Hotels - Westmark Sitka & Totem Square Hotels - $15.5M

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Business Description

Hot Tourism Waterfront in Sitka Alaska

1) Westmark Sitka Hotel.
a) Located at 330 Seward Street, Sitka, Alaska. Westmark Sitka Hotel has 105 quest rooms, Restaurant & Lounge and a couple of commercial retail spaces. The property is situated across Harbor Drive from Crescent Harbor in downtown Sitka.
b) The subject property consists of a four story, full service hotel with limited retail and office areas. The date of construction is 1978, the gross building area is 37,457 square feet. The site consists of roughly 0.86 acres of land, zoned CBD (General Commercial).

CAP RATE 13.10%

2) Totem Square Inn
a) located at 201 Katlian Street, Sitka, Alaska. Totem Square Inn has 75 guest rooms, Restaurant & Lounge.
b) The subject property consists of a four story, full service hotel with limited retail and office areas. The date of construction is early 1980s, the gross building area is 43,705 square feet. The site consists of roughly 2.16 acres of land, of which 1.03 acres, more or
less, is submerged. The remaining 1.13 acres are upland. The property is zoned waterfront district.

https://www.reservations.com/hotel/westmark-sitka-sitka-ak

https://www.expedia.com/Sitka-Hotels-Totem-Square-Hotel-Marina.h893073.Hotel-Information?chkin=2%25252525252F7%25252525252F2019&chkout=2%25252525252F8%25252525252F2019®ionId=3171&destination=Sitka%25252525252C+Alaska%25252525252C+United+States+of+America&selected=893073&rm1=a2&x_pwa=1&sort=recommended&SEMCID=US.UB.GEMINI.PT-c-EN.HO

https://www.loopnet.com/Listing/201-Katlian-St-Sitka-AK/14901429/

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V. Burk

Business Listed By:
V. Renee Burk

Alcan Realty

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