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.