Dino Trails Getaway  ·  Jensen, Utah

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$1,950,000  ·  Jensen, Utah  ·  Qualified Buyers

Investment & Acquisition

Financing structures, risk and mitigant analysis, the step-by-step acquisition process, and the full due diligence package — everything a serious buyer needs to move from interest to offer.

$1.95M
List Price
$95,280
2024 Actual NOI
4.4%
Current Cap Rate
12.3%
Projected Stabilized Cap
$121,875
Price Per Key (16 rooms)
80+
Guest Capacity · 3 Parcels

Why This Works as an Investment

The current cash flow is real. The 2024 P&L reflects five years of stabilized operating history with zero advertising spend, self-managed operations, and only one income stream meaningfully activated. A sophisticated buyer does not acquire the in-place cash flow — they acquire a turnkey hospitality platform that has already proven demand with multiple clear paths to a 12%+ stabilized cap rate.

The price of $1,950,000 is defensible on in-place numbers at a 4.4% cap. The stabilized case — reaching market-median occupancy at current ADR — produces NOI of $240,088 and a 12.3% cap rate. That is the investment thesis: pay a reasonable price for a cash-flowing asset and execute against a clear operating playbook that has already been written for you.

Financing Options

Four paths to ownership

This property qualifies for multiple financing structures. The right path depends on the buyer’s operator status, equity position, credit profile, and tax situation. Each structure below has been evaluated against the property’s financials.

Commercial Hospitality
25–35% Down — 15–20yr Am.

Conventional commercial lending for hospitality acquisitions. Lenders underwrite at DSCR 1.25× or better. The stabilized NOI of $240K produces DSCR of approximately 1.4× at current rates on a 70% LTV loan — clearing most lender thresholds. A commercial mortgage broker with hospitality experience is recommended for rate comparison and lender selection.

Bridge / Value-Add
Short-Term Bridge → Refi

For buyers who plan to execute the value-add thesis quickly. Acquire with bridge financing, implement the Year 1 operating playbook, then refinance at the stabilized NOI. Bridge lenders focus on asset value and business plan rather than in-place cash flow — well-suited to buyers who want to move fast and capture the upside before conventional refinancing.

1031 Exchange
Tax-Deferred Acquisition

Qualified as a like-kind exchange under IRC §1031. Buyers rolling proceeds from a prior real estate sale can defer capital gains taxes by acquiring Dino Trails within the 180-day exchange window. C-1 commercial zoning and income-producing use satisfy standard like-kind requirements. Confirm with a qualified intermediary. The listing agent can provide 1031 accommodator referrals.

Financing availability is subject to lender qualification, credit review, and market conditions. SBA eligibility should be confirmed with an SBA-preferred lender. The listing agent can provide lender referrals upon request.

Risk & Mitigant Analysis

Five risks — each with a clear answer

Sophisticated buyers underwrite against specific risk categories. Each primary risk for this asset has a documented mitigant in the property’s operating history, market data, or regulatory structure.

Medium Risk
Occupancy Ramp Risk
Risk: Current 20% occupancy represents upside, but achieving 47% market median requires active management and marketing investment.

Mitigant: The Vernal STR market has grown revenue 8.3% YoY (2025 AirROI data). Dynamic pricing software alone (PriceLabs, Beyond) generates 8–15% ADR uplift at near-zero cost. The property has zero advertising spend today — occupancy improvement does not require capturing new demand, only better channeling existing demand from 322,000 annual DNM visitors who currently have no comparable alternative.
Low Risk
Demand Concentration Risk
Risk: A meaningful share of demand originates from Dinosaur National Monument visitation — a single federal facility.

Mitigant: DNM visitation has been stable at 300,000–330,000 per year for five consecutive years. The Monument is a federally protected permanent attraction that cannot be replicated or closed short of an extraordinary act of Congress. Secondary demand (OHV, fishing, festivals, oil & gas) is entirely independent and provides year-round diversification against any single-demand-driver risk.
Low Risk
STR Regulatory Risk
Risk: Short-term rental regulations have tightened in many U.S. markets, potentially limiting operations or requiring licensing.

Mitigant: Uintah County is classified as a “low regulation, operator-friendly” STR market (AirROI 2026). The property is C-1 commercially zoned — a commercial designation providing stronger protection than residential STR zoning. No county-level STR restrictions are currently in place or proposed. The property has operated continuously since 2019 without regulatory interruption.
Medium Risk
Operational Complexity
Risk: Managing an 80-guest, two-lodge compound is operationally more complex than a standard short-term rental.

Mitigant: The current owner has operated the property self-managed as a side business, achieving a 66.7% NOI margin. A channel manager (Hostaway / Lodgify) and a dedicated local cleaning & maintenance team — standard for properties of this size — resolve most complexity. The property already has established local cleaner relationships and a 5-year documented operating rhythm that transfers to the new owner.
Low Risk
Physical Condition & CapEx Risk
Risk: Undisclosed capital needs or deferred maintenance could impair post-acquisition cash flow.

Mitigant: The South Lodge has operated as a premium asset for five years. The North Lodge clubhouse was completed in May 2023. The seller maintains a documented repair & maintenance log ($6,242 in 2024). The due diligence package includes full maintenance history, utility archives, and insurance records. A licensed inspector with hospitality experience is recommended and fully supported by the seller.

Acquisition Process

From inquiry to close — six steps

This transaction is structured for speed and transparency. All material financial documentation is prepared and ready for qualified buyers upon execution of a Confidentiality Agreement.

1
Initial Inquiry & NDA
Submit the contact form or call Stockton Farnsworth directly at (801) 664-3370. A standard Confidentiality Agreement (CA) is provided within one business day. Execution takes 5–10 minutes via DocuSign. No financial pre-qualification is required at this stage.
2
Offering Memorandum & Financial Package
Upon executed CA, the full Offering Memorandum is delivered: 2024 actual P&L, Airbnb and VRBO dashboard exports, 3-year projection model, market comparables, and property documentation. Buyer reviews at their own pace with no pressure timeline.
3
Property Tour & Inspection
Scheduled showings are available at buyer’s convenience. Physical inspection by a licensed professional is encouraged and will be fully accommodated. The current operator can walk buyers through each structure and explain the operating systems, guest workflow, and maintenance history.
4
Letter of Intent (LOI)
A non-binding Letter of Intent establishes price, terms, earnest money, and due diligence period. Typical LOIs on this type of asset propose a 30–45 day DD window. The seller is motivated and responsive — LOI responses are typically within 24–48 hours.
5
Due Diligence Period
Full access to all financial records, reservation data, title reports, and physical documentation. Lender appraisal typically occurs in this window. The seller provides a clean STR platform transfer, entity documents, and all operating agreements. Any material issues discovered are negotiated prior to contract finalization.
6
Close & Platform Transfer
Title company coordinates closing. Dedicated Airbnb & VRBO accounts for both lodges convey to the buyer at close per the listing agreement, along with all domain and platform access. Standard Utah commercial close: 30–45 days from executed purchase agreement. SBA closings typically 60–90 days from approval.

Due Diligence Package

What’s in the data room

All documentation below is prepared, organized, and available to qualified buyers upon executed CA. No delays, no missing records, no surprises.

Financial Records

  • 2024 Actual P&L — Dinosaur Trails Rental LLC
  • 3-year projection model with assumptions
  • Property tax records (all 3 parcels)
  • Utility cost history (12 months)
  • Insurance policy summaries

Operating Data

  • Airbnb dashboard exports (occupancy, revenue)
  • VRBO dashboard exports and booking history
  • Guest review archive (all 42 verified reviews)
  • Maintenance log and repair history
  • Cleaning and turnover cost documentation

Property Documentation

  • Title reports (all 3 parcels)
  • Zoning confirmation (C-1 Commercial)
  • Site maps and parcel descriptions
  • Seller disclosure statement
  • LLC entity documents & operating agreement

Market & Comparable Data

  • AirROI Vernal market analysis (2025–2026)
  • Comparable hospitality transaction set
  • NPS visitation data (Dinosaur National Monument)
  • Top-competitor revenue benchmarks
  • Underwriting model with sensitivity analysis

Ready to access the data room?

The full due diligence package is available immediately upon execution of a standard Confidentiality Agreement. No financial pre-qualification required at this stage. Submit the contact form or call Stockton Farnsworth directly at (801) 664-3370.

Request the Offering Memorandum

Execute the CA, receive the full financial package, and schedule a property tour. Qualified buyers move through this process in days, not weeks.

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