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TRAVELODGE BY WYNDHAM JUNEAU9200 Glacier Hwy • Juneau, AK 99801
Offering Memorandum
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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be
reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to
verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or
name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,
service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
TRAVELODGE BY WYNDHAM JUNEAU
Juneau, AK
ACT ID ZAA0140358
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TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Offering Summary
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02
STR
Historical P&L
5 Year Pro Forma
MARKET COMPETITORS 03
Competitor Data
MARKET OVERVIEW 04
Demographic Analysis
TRAVELODGE BY WYNDHAM JUNEAU
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TRAVELODGE BY WYNDHAM JUNEAU
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INVESTMENT
OVERVIEW
TRAVELODGE BY WYNDHAM JUNEAU
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EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
US Army Recruiting Battalion 907
Central Council Tlingit and Ha 841
Coeur Alaska Inc 767
Bartlett Regional Hospital 400
Hecla Greens Creek Mining Co 345
Alaska Highway Cruises 300
Transportation and Public 296
Fred Meyer Jewelers 00158 248
Construction & Design 200
UAS Juneau 200
Cornerstone Home Health Inc 180
Searhc 160
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 2,734 18,048 22,250
2010 Census Pop 2,622 17,155 21,035
2018 Estimate HH 1,018 6,502 7,838
2010 Census HH 987 6,220 7,475
Median HH Income $82,948 $88,681 $90,252
Per Capita Income $42,758 $39,420 $39,593
Average HH Income $112,935 $108,309 $110,513
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VITAL DATA
CURRENT YEAR 1
Price $7,000,000 CAP Rate 4.29% 5.29%
PIP $86,000 Net Operating Income $157,024 $370,424
Down Payment 100% / $7,000,000 Net Cash Flow After Debt Service 2.20% / $157,024 5.29% / $370,424
Loan Type All Cash Total Return 2.20% / $157,024 5.29% / $370,424
Price/Room $81,395
Ownership Type Fee Simple
Number of Rooms 86
Rentable Square Feet 62,511
Number of Buildings 1
Number of Stories 4
Year Built 1986
Lot Size 2.29 acre(s)
TRAVELODGE BY WYNDHAM JUNEAU
OFFERING SUMMARY
▪ Ideally Located - Directly Across from Juneau International Airport
▪ Well Maintained Property
▪ Ideal Owner Operator
▪ Upside of Operational Efficiency for Buyer
▪ Well Below Replacement Cost
▪ SBA and Conventional Financing Available
INVESTMENT HIGHLIGHTS
Marcus & Millichap has been chosen to exclusively market for sale the Travelodge Juneau Alaska, a four-story full-service hotel located directly across from Juneau
International Airport and less than eight miles from downtown Juneau and cruise terminal. The hotel consists of 86 interior corridor rooms with excellent visibility and
signage on Glacier Highway. Amenities include restaurant & bar, banquet area, meeting rooms, 24-hour front desk service, airport shuttle, business center, fitness center,
indoor pool, complimentary hot breakfast and RV Parking. Each guest room is equipped with flat screen television with HBO cable, work desk with lamp, coffee/tea maker
and complimentary Wi-Fi.
INVESTMENT OVERVIEW
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TRAVELODGE BY WYNDHAM JUNEAU
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OFFERING SUMMARY
PROPERTY OVERVIEW
Nestled in the Alaska panhandle, between the Gulf of Alaska and British Columbia, the Juneau area is almost as
large as the states of Rhode Island and Delaware put together. At 3,255 square miles, of which 14 square miles
are urban, it is the second largest city by area in the US. The city is many things: a mountain town, a coastal
community and the most scenic capital city in the United States. It is not only Americas Last Frontier, but also a
natural wonder, wildlife hotspot and cultural jewel. It is rich in history, art, music and Native heritage; an outdoor
enthusiasts paradise, a shoppers trove and a food lovers dream - not just the state capital, but the beating heart
of Southeast Alaska. Over two million tourists visit Alaska each year, over 800,000 of which are Juneau visitors,
to experience its stunning, natural beauty, including glaciers, national parks and the tallest mountain in North
America, Denali (formerly Mount McKinley). Juneau is the most visited city in Alaska, with visitors contributing
over 25% of Juneaus annual sales tax, and attributes much of its revenue and employment to the visitor and
tourism industry.
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▪ Fitness Center
▪ Restaurant/Lounge
Common Area Amenities
▪ Banquet Room (up to 110 guest)
▪ Meeting Rooms
▪ Swimming Pool
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OFFERING SUMMARY
TRAVELODGE BY WYNDHAM JUNEAU
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PROPERTY SUMMARY
THE OFFERING
Property Travelodge by Wyndham Juneau
Price $7,000,000
Property Address 9200 Glacier Hwy, Juneau, AK
Assessors Parcel Number 5B1601020121
Zoning LC - Light Commercial
SITE DESCRIPTION
Number of Rooms 86
ADA Rooms 3
Number of Stories 4
Year Built/Renovated 1986
Ownership Type Fee Simple
Lot Size 2.29 acre(s)
Parking 177
CONSTRUCTION
Foundation Concerte
Framing Wood
Exterior Stucco
Roof New in 2017
MECHANICAL
HVAC Rooms have individual electric heat
Elevators 2
Fire Protection Yes - Sprinklers
ROOM TYPES
NUMBER OF ROOMS ROOM TYPE
11 Queen
66 Double
6 King
3 ADA Compliant
PROPOSED FINANCING
FIRST TRUST DEED
Loan Type All Cash
SECOND TRUST DEED
Loan Type All Cash
REGIONAL MAP
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LOCAL MAP
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AERIAL PHOTO
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Marcus & Millichap closes
more transactions than any
other brokerage firm.
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TRAVELODGE BY WYNDHAM JUNEAU
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PROPERTY PHOTO
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
TRAVELODGE BY WYNDHAM JUNEAU
STR
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FINANCIAL ANALYSIS
TRAVELODGE BY WYNDHAM JUNEAU
HISTORICAL P&L
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FINANCIAL ANALYSIS
TRAVELODGE BY WYNDHAM JUNEAU
HISTORICAL P&L
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FINANCIAL ANALYSIS
TRAVELODGE BY WYNDHAM JUNEAU
5 YEAR PRO FORMA
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FINANCIAL ANALYSIS
TRAVELODGE BY WYNDHAM JUNEAU
5 YEAR PRO FORMA
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MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and
terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage
offices
6.24 billion
billion total
national
volume in 2018
Access to
more capital
sources than
any other firm
in the industry
Optimum financing solutions
to enhance value
Our ability to enhance
buyer pool by expanding
finance options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender
progress, insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,678
debt and equity
financings
in 2018
ACQUISITION FINANCING
TRAVELODGE BY WYNDHAM JUNEAU
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TRAVELODGE BY WYNDHAM JUNEAU
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MARKET
COMPETITORS
TRAVELODGE BY WYNDHAM JUNEAU
(SUBJECT)
HOTEL/MOTEL ADDRESS NUMBER OF ROOMS OPEN DATE MILES TO SUBJECT
Best Western Country Lane Inn 9300 Glacier Hwy Juneau, AK 99801 55 06/1983 0.1
Super 8 Juneau 2295 Trout St Juneau, AK 99801 72 12/1983 0.3
Four Points by Sheraton Juneau 51 Egan Dr Juneau, AK 99801 106 06/1975 7.8
Westmark Baranof Hotel 127 N Franklin St Juneau, AK 99801 196 06/1935 7.8
Extended Stay America - Juneau 1800 Shell Simmons Dr Juneau, AK 99801 95 05/2000 0.2
COMPETITIVE SET MAP
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TRAVELODGE BY WYNDHAM JUNEAU
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TRAVELODGE BY WYNDHAM JUNEAU
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MARKET
OVERVIEW
PROPERTY NAME
MARKETING TEAM
TRAVELODGE BY WYNDHAM JUNEAU
DEMOGRAPHICS
Source: © 2018 Experian
Created on July 2019
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Population 2,758 18,282 22,593
▪ 2018 Estimate
Total Population 2,734 18,048 22,250
▪ 2010 Census
Total Population 2,622 17,155 21,035
▪ 2000 Census
Total Population 2,594 16,921 20,493
▪ Daytime Population
2018 Estimate 4,716 15,749 17,867
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Households 1,044 6,665 8,050
▪ 2018 Estimate
Total Households 1,018 6,502 7,838
Average (Mean) Household Size 2.58 2.75 2.74
▪ 2010 Census
Total Households 987 6,220 7,475
▪ 2000 Census
Total Households 930 5,896 7,048
HOUSING UNITS 1 Miles 3 Miles 5 Miles
▪ Occupied Units
2023 Projection 1,044 6,665 8,050
2018 Estimate 1,054 6,740 8,136
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2018 Estimate
$200,000 or More 8.76% 6.45% 7.01%
$150,000 - $199,000 5.11% 10.61% 10.69%
$100,000 - $149,000 25.46% 25.17% 25.67%
$75,000 - $99,999 15.44% 17.57% 17.36%
$50,000 - $74,999 15.73% 16.76% 16.74%
$35,000 - $49,999 11.47% 10.48% 10.25%
$25,000 - $34,999 5.31% 4.45% 4.42%
$15,000 - $24,999 4.84% 4.63% 4.34%
Under $15,000 7.88% 3.91% 3.51%
Average Household Income $112,935 $108,309 $110,513
Median Household Income $82,948 $88,681 $90,252
Per Capita Income $42,758 $39,420 $39,593
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population 25+ by Education Level
2018 Estimate Population Age 25+ 1,835 11,745 14,602
Elementary (0-8) 1.48% 1.40% 1.33%
Some High School (9-11) 1.80% 2.84% 3.02%
High School Graduate (12) 24.11% 23.46% 23.77%
Some College (13-15) 33.75% 31.62% 30.55%
Associate Degree Only 7.34% 7.12% 6.94%
Bachelors Degree Only 24.06% 24.56% 24.68%
Graduate Degree 7.41% 8.84% 9.53%
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Income
In 2018, the median household income for your selected geography is
$82,948, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 60.04%
since 2000. It is estimated that the median household income in your
area will be $100,574 five years from now, which represents a change
of 21.25% from the current year.
The current year per capita income in your area is $42,758, compare
this to the US average, which is $32,356. The current year average
household income in your area is $112,935, compare this to the US
average which is $84,609.
Population
In 2018, the population in your selected geography is 2,734. The
population has changed by 5.40% since 2000. It is estimated that the
population in your area will be 2,758.00 five years from now, which
represents a change of 0.88% from the current year. The current
population is 51.48% male and 48.52% female. The median age of
the population in your area is 35.25, compare this to the US average
which is 37.95. The population density in your area is 865.41 people
per square mile.
Households
There are currently 1,018 households in your selected geography. The
number of households has changed by 9.46% since 2000. It is
estimated that the number of households in your area will be 1,044
five years from now, which represents a change of 2.55% from the
current year. The average household size in your area is 2.58 persons.
Employment
In 2018, there are 5,352 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
60.27% of employees are employed in white-collar occupations in
this geography, and 41.29% are employed in blue-collar occupations.
In 2018, unemployment in this area is 4.35%. In 2000, the average
time traveled to work was 15.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
60.58% White, 1.96% Black, 1.92% Native American and 9.99%
Asian/Pacific Islander. Compare these to US averages which are:
70.20% White, 12.89% Black, 0.19% Native American and 5.59%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 7.50% of the current year
population in your selected area. Compare this to the US average of
18.01%.
PROPERTY NAME
MARKETING TEAM
TRAVELODGE BY WYNDHAM JUNEAU
Housing
The median housing value in your area was $287,921 in 2018,
compare this to the US average of $201,842. In 2000, there were 555
owner occupied housing units in your area and there were 376 renter
occupied housing units in your area. The median rent at the time was
$805.
Source: © 2018 Experian
DEMOGRAPHICS
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TRAVELODGE BY WYNDHAM JUNEAU
DEMOGRAPHICS
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