The Clarion Hotel and Conference Center, has recently emerged from a full refurbishment. Over three million dollars have been used to upgrade this hotel into a market leader. Every aspect of the hotel has been updated to accommodate the discerning modern traveler. All guest rooms have been updated, bathrooms refurbished, a new roof added, new windows installed, new HVACs installed, exterior improved, new instant hot water boilers added, the temperature controlled Atrium redesigned, the new breakfast area and bar constructed, and much more. This renovation not only upgraded the asset, but has installed energy efficient systems to reduce any energy waste.

Revenues for the Clarion Hotel and Conference Center are expected to follow a rising trend. Considering the room revenue was just under $2 million prior to renovations, moving forward room revenue is expected to stabilize around $2.4 million over the next three years. Gross revenues should be just shy of $2.5 million, giving an investor an 11% capitalization rate on the stabilized revenue. These numbers should be very achievable by an experienced owner or proficient management company.

The Clarion Hotel itself is operated as select service, but benefits from a partnership with the adjacent independently owned Conference Center.