Hotel-Motel
Best Western Canon City
110 Latigo Ln, Cañon City, CO 81212
Listing Price: $8,500,000
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
Financing By
Listing Price: $8,500,000
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
Financing By
