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6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com
Quality Inn and Suites
Montrose, Colorado
52 Guestrooms
Offering Price: $3,400,000
Investment Overview:
This offering of the Quality Inn & Suites located in Montrose, Colorado gives hospitality operators an opportunity to purchase a newly opened limited-service hotel in one of the fastest growing commercial and tourist destinations in Western Colorado. Colorado's finest hunting, fishing, hiking, river rafting, and rock climbing areas encircle the city. The hotel is also located just minutes away from some of the top tourist attractions, such as the beautiful Black Canyon National Park, Ouray Hot Springs, Telluride Ski area, and the Curecanti boating and National Recreation Area. The hotel is located adjacent to the Montrose Airport, which serves as a transportation hub for flights to Aspen, Crested Butte, Telluride, and Vail. The Airport also has the largest private jet hanger on the western slope of Colorado to commentate the needs of the affluent clientele patronizing the many surrounding resorts.
Property Overview:
The subject property is a 52 room, three story, interior corridor hotel. The improvements, located within one building, include a lobby with front desk and back office work area, an administrative office, large conference room, continental breakfast area, combination laundry and housekeeping facility, exercise room and an enclosed swimming pool and Jacuzzi. The total gross building area is approximately 28,000 (+/-) Square Feet. Both the standard guest rooms and the 13 suites are equipped with highspeed Internet access. There is elevator service to the guest room floors.
| Price: |
$3,400,000 |
| Location: |
Montrose, Colorado |
| Property Description: |
Limited Service |
| Property Age: |
Opened 2003 |
| Number of Units: |
52, including 13 suites |
| Corridors: |
Interior |
| Public Area Amenities: |
Indoor pool and Jacuzzi, exercise room |
| Site Size: |
1.24 (+/-) Acres |
| Trailing 12-month Occupancy: |
72.8% |
| Trailing 12-month Avg. Daily Rate: |
$56.87 |
| Trailing 12-month Room Revenue: |
$807,825 |
| Financing: |
New required |
Note: The information shown above has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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