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Hotel-Motel

Best Western Canon City

110 Latigo Ln, Cañon City, CO 81212

Listing Price: $8,500,000

Cap Rate
10.10%
Number of Rooms
82
RevPAR
$71
Gross SF
41,602
Price/Room
$103,659
Price/Gross SF
$204.32
Year Built
1997

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Canon City, a two-story limited service hotel conveniently located off of U.S. Route 50 in Cañon City, Colorado. The hotel consists of 82 guest rooms and offers amenities including a heated indoor pool & spa, meeting space, business center and fitness center. The property is within close proximity to Royal Gorge Mountain Park. The Best Western Canon City represents the opportunity to acquire a franchised hotel in a desirable tourist destination. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Southern Colorado region.

Investment Highlights

  • Renovated in 2022
  • Within Close Proximity to Royal Gorge Mountain Park
  • Excellent Frontage on U.S. Route 50
  • 2022 TripAdvisor Travelers' Choice Award Recipient

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Best Western Canon City

Listing Price: $8,500,000

Cap Rate
10.10%
Number of Rooms
82
RevPAR
$71
Gross SF
41,602
Price/Room
$103,659
Price/Gross SF
$204.32
Year Built
1997

Investment Highlights

  • Renovated in 2022
  • Within Close Proximity to Royal Gorge Mountain Park
  • Excellent Frontage on U.S. Route 50
  • 2022 TripAdvisor Travelers' Choice Award Recipient

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Canon City, a two-story limited service hotel conveniently located off of U.S. Route 50 in Cañon City, Colorado. The hotel consists of 82 guest rooms and offers amenities including a heated indoor pool & spa, meeting space, business center and fitness center. The property is within close proximity to Royal Gorge Mountain Park. The Best Western Canon City represents the opportunity to acquire a franchised hotel in a desirable tourist destination. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Southern Colorado region.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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