The Miller Park Lodge property was just reduced $150,000 from $2,400,000 to $2,250,000. At that price, this property has just become even more attractive to a Buyer looking for a unique, centrally located hotel property that comes with a fabulous redevelopment opportunity.
Miller Park Lodge has one of the best locations in all of Jackson Hole. Located next to the Rusty Parrot Hotel, Jackson’s premier in-town boutique hotel, and across from the little town gem of Miller Park that hosts a multitude of art fairs and summer attractions. This great location is within walking distance of the best shopping and dining that Jackson has to offer.
The existing hotel is comprised of 15 nicely appointed rooms. Many of the rooms are equipped with wet bars, refrigerators and microwaves, and over half of these rooms also have oversized, deep-soak jetted tubs and wonderful gas fireplaces – a welcome surprise after a long day of skiing.
This is Jackson’s newest (and last) Planned Mixed Unit Development to get passed through the town council before the next Master Plan is unveiled. This provides certain benefits that future PMUD’s will not enjoy, such as 15% employee housing instead of the 25% that has been proposed. This development, named Gatsby’s of Jackson Hole, has been approved for a 4 story, 26,000+ sq ft property that includes commercial retail space, a bar/restaurant or coffee shop, professional offices, luxury condominiums, and an underground parking garage.
This property is ideal for any Buyer that wishes to own/operate an in-town hotel with solid income and a superior location with tremendous redevelopment potential. If you have questions or would like more information, please contact me at andrew@jacksonholerr.com