Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 130-room Best Western Plus at Lake Powell (“Hotel” or “Property”), situated at 208 N Lake Powell Blvd, Page, AZ 86040.
The Best Western Plus at Lake Powell offers a promising value-add opportunity in this scenery-dominated Northern Arizona region. Iconic nearby attractions, like the Glen Canyon Dam, Lake Powell, Horseshoe Bend, and Antelope Canyon contribute to massive tourism in the market, and the Hotel’s location just a mile from U.S. Highway 89 positions it in a gateway to the Southwest and Grand Circle of National Parks. The Page Municipal Airport, situated just one mile from the Property, offers convenient alternatives to motor travel, as tourists can fly directly into the city from Phoenix International on Contour Airlines.
The Property experiences year-over-year revenue growth and commanded a 91.9% RevPAR index relative to comp set in the July 2025 TTM period, representing a 14% increase from the prior year. Its impressive $1.1 million TTM NOI, as well as significant OTB increases since 2024, underscores the potential to further boost returns through strategic cost controls and yield management practices.
A four-story 130-guestroom hotel originally built in 1992, the Hotel is an approved candidate for Best Western auto transfer and has received significant capital injections since 2023. New owners will benefit from a minimal PIP upon sale, allowing them to take advantage of the refreshed asset and its revenue potential. Page recently received a $5 million EDA Grant promoting commercial viability and tourism, and its ideal location and surrounding natural beauty attract five million annual visitors. The city’s booming tourism sector highlights investors’ ability to capture substantial leisure demand, including ample international travel.
Investment Highlights
Eco-Tourism Market Proximate to Key Area Attractions
Page’s illustrious beauty draws more than five million visitors annually, and the economy is heavily oriented toward tourism and leisure. The Property is primely situated near the region’s main attractions, including Glen Canyon Dam, Lake Powell, Horseshoe Bend, and Antelope Canyon. Similarly to the city, the National Park Service reported that the Glen Canyon National Recreation Area received about five million annual visitors in both 2023 and 2024.
Growing Revenue and Outpacing OTB Metrics
The Hotel achieved a RevPAR penetration of 91.1% relative to its comp set in the July 2025 TTM period, representing a 14% increase from the July 2024 TTM period. Over $1.1 million in NOI in this year’s TTM period, coupled with 2025 OTB metrics greatly surpassing last year’s numbers, indicates continued revenue growth that will boost NOI margins and returns. Investors are well-positioned to implement strategic cost controls and yield management practices to perpetuate this trend of significant year-over-year performance improvement.
Active City for Investment and Recipient of $5 million EDA Grant
In September 2024, Page was awarded a $5 million investment grant from the Economic Development Administration (EDA), matched by an additional $5.9 million in local funds, to enhance commercial viability and promote tourism in the leisure-heavy city. The investment is aimed at providing critical infrastructure to revitalize the downtown district, generating and retaining long-term jobs and expansion opportunities for local businesses. Expected to produce $1.6 million in private investment, the redevelopment project highlights Page’s ongoing economic viability and commitment to long-term growth as a key tourist destination in Arizona.
Approved Asset for Auto Transfer with Minimal PIP
The Best Western Plus at Lake Powell is in superb condition, and current Ownership has received Best Western approval for automatic transfer of membership, with only three outstanding PIP items. Approximately $1.4 million has been spent on renovating the Property since 2023. Consequently, prospective investors can capitalize on the positive, performance-related advantages of a refreshed asset without hefty capital injections.
Gateway to Southwestern Region and Grand Circle of National Parks
Situated only one mile from both U.S. Highway 89 (U.S. 89) and Page Municipal Airport, the Hotel benefits from its Page location and is easily accessible by multiple forms of transportation. U.S. 89 is a beloved north-south route that runs roughly from Canada to Mexico and features access to seven National Parks, 14 National Monuments, and three Heritage Areas. The route is heavily trafficked and has been named the #1 Drivers’ Drive in the World by National Geographic, particularly because of its scenery and supreme connectivity to the Grand Circle of National Parks. The Page Municipal Airport similarly offers convenient alternatives to motor travel and non-stop flights from Phoenix International.
Offered Unencumbered by Management
The is offered unencumbered by management. An investor possesses the opportunity to select a preferred management partner upon purchase of the Property.
Offered Well Below Replacement Cost
The opportunity to acquire this Asset well below replacement cost allows an investor to leverage being located in a growing economy and acquiring the Property at an attractive cost basis.
Fee Simple Interest
The Property will be offered as fee simple.
Sales Team
