Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Days Inn by Wyndham Trinidad (‘Hotel’ or ‘Property’) located in Trinidad, Colorado. The Wyndham Hotels and Resorts-branded Hotel is offered at $5,100,000 or $89,474 per key. The Days Inn by Wyndham Trinidad is a 57-room, two-story Hotel stationed at 900 West Adams Street in Trinidad, Colorado just off Interstate 25. Various common area amenities at the Property include an on-site restaurant, outdoor pool with an indoor hot tub, business center, fitness center, and ample parking for large vehicles. Trinidad, Colorado, offers a diverse range of attractions, making it a culturally rich and historically significant destination. Visitors can explore the natural beauty of the region at Trinidad Lake State Park and Fishers Peak State Park, perfect for outdoor enthusiasts and nature lovers. Art and history enthusiasts can indulge in the A.R. Mitchell Memorial Museum of Western Art, showcasing the artistic heritage of the area, and the Trinidad History Museum, offering insights into the town's past. The Southern Colorado Coal Miners Memorial pays homage to the region's coal mining heritage, honoring the contributions of the miners. Trinidad also boasts architectural gems like the Holy Trinity Church and cultural sites like the Louden-Henritze Archaeology Museum, providing a deep dive into the area's history. Ave Maria Shrine and Gallery Main/Trinidad Area Arts Council offer spiritual and artistic experiences, respectively, enriching the cultural landscape of the town. Simpson's Rest, with its panoramic views, and Steam Engine 638, a testament to Trinidad's railroad history, are must-visit landmarks. The Trinidad Trolley offers a unique way to explore the town, providing a nostalgic journey through its streets and encapsulating Trinidad's charming heritage. In the trailing twelve-month period ending in July 2023, the limited-service Hotel recorded room revenues of over $1.5 million and a net operating income just over $540 thousand, or 20.8 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.