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Hotel-Motel

Holiday Inn Express & Suites Colorado Springs AFA Northgate

9856 Federal Dr, Colorado Springs, CO 80921

Listing Price: $13,000,000

Number of Rooms
87
RevPAR
$71
Gross SF
64,904
Price/Room
$149,425
Price/Gross SF
$200.30
Year Built
2018

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Colorado Springs AFA Northgate, a four-story limited service hotel located in Colorado Springs, Colorado. The hotel's 87 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated outdoor pool & spa, meeting space, business center, fitness center, complimentary breakfast and guest laundry facilities. The property is ideally located off of Interstate 25 and near the United States Air Force Academy. Several major companies are located less than a mile from the property, including Lockheed Martin RMS, Bal Seal Engineering, Inc, Philips, Northrop Grumman, Western Digital and Progressive Insurance. Also located 20 miles from the property is the Peterson Space Force Base, which has a $1.3 billion yearly economic impact. The Holiday Inn Express & Suites Colorado Springs AFA Northgate the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to prepandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Southern Colorado region.

Investment Highlights

  • Adjacent to the United States Air Force Academy
  • 20 Miles to Peterson Space Force Base | $1.3 Billion Yearly Economic Impact
  • Short Drive to Garden of the Gods, A Popular Natural Landmark
  • Conveniently Located off of Interstate 25
  • 20 Miles to Colorado Springs Airport

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Holiday Inn Express & Suites Colorado Springs AFA Northgate

Listing Price: $13,000,000

Number of Rooms
87
RevPAR
$71
Gross SF
64,904
Price/Room
$149,425
Price/Gross SF
$200.30
Year Built
2018

Investment Highlights

  • Adjacent to the United States Air Force Academy
  • 20 Miles to Peterson Space Force Base | $1.3 Billion Yearly Economic Impact
  • Short Drive to Garden of the Gods, A Popular Natural Landmark
  • Conveniently Located off of Interstate 25
  • 20 Miles to Colorado Springs Airport

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Colorado Springs AFA Northgate, a four-story limited service hotel located in Colorado Springs, Colorado. The hotel's 87 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated outdoor pool & spa, meeting space, business center, fitness center, complimentary breakfast and guest laundry facilities. The property is ideally located off of Interstate 25 and near the United States Air Force Academy. Several major companies are located less than a mile from the property, including Lockheed Martin RMS, Bal Seal Engineering, Inc, Philips, Northrop Grumman, Western Digital and Progressive Insurance. Also located 20 miles from the property is the Peterson Space Force Base, which has a $1.3 billion yearly economic impact. The Holiday Inn Express & Suites Colorado Springs AFA Northgate the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to prepandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Southern Colorado region.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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