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Hospitality Featured
The Copper — Boutique Hotel & Residences
515 Fremont St, Las Vegas, NV 89101
Asking price
$96M
Cap rate
7.2%
- NOI
- $7M
- Square feet
- 210,000
- Year built
- 2015
- Price / SF
- $457
Overview
142-key boutique hotel with strong RevPAR growth trajectory. This offering represents a compelling opportunity in the Las Vegas submarket. The asset benefits from strong in-place cash flow, defensible fundamentals, and multiple avenues for value creation through operational improvements, strategic repositioning, and market rent growth. Underwriting materials, T-12, rent roll, and full offering memorandum available upon signed confidentiality agreement.
Financial highlights
- Asking price
- $96,000,000
- NOI (in-place)
- $6,912,000
- Cap rate
- 7.2%
- Price per SF
- $457
Documents
Detailed underwriting, T-12, and rent roll available under signed CA.
Offering Memorandum
Executive Summary
Full Financial Package
T-12 & Rent Roll