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Super 8—CO - Montrose

Property DescriptionOffering MemorandumDue Diligence
Main image Off Market
Located: Montrose , Colorado
Offering Price: $1,995,000.00
Net Operating Income: $159,000.00
Financing: SHORT TERM SELLER FINANCING O.A.C
Room Revenue: $579,101.00
Renovated: Completely Reconstructed 2012
Number of Units: 42
Land Area: 1.55 +/- acres
Built: 1982


Summary

Swoboda Hospitality Specialists, has been retained as sole and exclusive agent for Rim Servicing, L.L.C. (the “Seller). This offering presents a unique opportunity to acquire one of the nicest Super 8's in the system. The property offers Super Start Signature breakfast with waffles and other treats, along wih free WIFI internet access, plush mattresses, flat screen LCD TVs, in room fridge with microwave, outdoor spa and parking for vehicles of any size. The hotel incudes a Owner's apartment. Located in a Modern Hub for Outdoor Adventures and Historic Sightseeing, Montrose, Colorado, is the perfect destination for travelers who enjoy sking, hiking, fishing, river rafting and more. This lender owned offering represents an excellent opportunity to acquire a totally reconstructed hotel to Super 8 new prototype requirements, at an attractive price per room that is well below replacement cost. There is strong upside available to a new owner/operator.

Highlights

  • Minimum PIP Requirements
  • Built 1982 - Owner's Apartment
  • Extra Land totaling 1.55 acres +/- to Add Additional Units
  • TRIP ADVISOR #1 in Montrose Colorado marketplace
  • 2014 Rm. Rev. $679,101 - N.O.I. $159,000 Operated as Owner/Operator - One of the Highest peforming Super 8 hotels in the Wyndham system

Contact a Broker

Licensed in:

Arizona - LC554451000

California - 01522610

Colorado - ER10003807

Georgia - 353523 (ia)


Hawaii - 19600

Idaho - LC31934

Montana - 15009

New Mexico - 17154


Nevada - 24423

New York - 10351206190

Oregon - 200005201

Texas - 0573462


Washington - 8483

Wyoming - 15400

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