Hotel-Motel
Former Candlewood Suites - Western Slopes
233 Grand Valley Way, Parachute, CO 81635
Listing Price: $5,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale Western Slope Suites in Parachute, Colorado. This 4-story, 73 key, interior corridor property is located just off of I-70, half way between Grand Junction and Glenwood Springs. Hotel amenities include a business and fitness center, complimentary Wi-Fi and parking, a 24-hour convenience store and on-site guest laundry facilities. Each room is either a suite or a one bedroom, with a full kitchenette.
Parachute, Colorado has a history tied to the energy industry, particularly oil and gas. The town also benefits from its proximity to natural attractions, including the Colorado River and the Rocky Mountains.
Former Candlewood Suites - Western Slopes
Investment Highlights
- All 73 Guest Rooms Have Kitchenettes - Layouts Include Studio and 1 Bedroom Options
- Formerly Candlewood Suites, Options to Rebrand are Available
- Located off of I-70, Half Way Point Between Grand Junction and Glenwood Springs
- Parachute was First Established When Oil was Found Nearby - Oil and Gas Continue to have a Steady Economic Impact
- Garfield County Provides Access to Nearly One Dozen National/State Parks and Forest Areas - National Park Tourism had an $864M Economic Impact on Colorado in 2022
Broker of Record
Financing By
Listing Price: $5,500,000
Investment Highlights
- All 73 Guest Rooms Have Kitchenettes - Layouts Include Studio and 1 Bedroom Options
- Formerly Candlewood Suites, Options to Rebrand are Available
- Located off of I-70, Half Way Point Between Grand Junction and Glenwood Springs
- Parachute was First Established When Oil was Found Nearby - Oil and Gas Continue to have a Steady Economic Impact
- Garfield County Provides Access to Nearly One Dozen National/State Parks and Forest Areas - National Park Tourism had an $864M Economic Impact on Colorado in 2022
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale Western Slope Suites in Parachute, Colorado. This 4-story, 73 key, interior corridor property is located just off of I-70, half way between Grand Junction and Glenwood Springs. Hotel amenities include a business and fitness center, complimentary Wi-Fi and parking, a 24-hour convenience store and on-site guest laundry facilities. Each room is either a suite or a one bedroom, with a full kitchenette. Parachute, Colorado has a history tied to the energy industry, particularly oil and gas. The town also benefits from its proximity to natural attractions, including the Colorado River and the Rocky Mountains.
Broker of Record
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Adam Lewis
First Vice President/Regional Manager
Financing By
