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Hotel-Motel

Former Candlewood Suites - Western Slopes

233 Grand Valley Way, Parachute, CO 81635

Listing Price: $6,000,000

Cap Rate
9.30%
Number of Rooms
73
RevPAR
$52
Gross SF
41,117
Price/Room
$82,192
Price/Gross SF
$145.93
Year Built
2000

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale Western Slope Suites in Parachute, Colorado. This 4-story, 73 key, interior corridor property is located just off of I-70, half way between Grand Junction and Glenwood Springs. Hotel amenities include a business and fitness center, complimentary Wi-Fi and parking, a 24-hour convenience store and on-site guest laundry facilities. Each room is either a suite or a one bedroom, with a full kitchenette.

Parachute, Colorado has a history tied to the energy industry, particularly oil and gas. The town also benefits from its proximity to natural attractions, including the Colorado River and the Rocky Mountains.

Investment Highlights

  • All 73 Guest Rooms Have Kitchenettes - Layouts Include Studio and 1 Bedroom Options
  • Formerly Candlewood Suites, Options to Rebrand are Available
  • Located off of I-70, Half Way Point Between Grand Junction and Glenwood Springs
  • Parachute was First Established When Oil was Found Nearby - Oil and Gas Continue to have a Steady Economic Impact
  • Garfield County Provides Access to Nearly One Dozen National/State Parks and Forest Areas - National Park Tourism had an $864M Economic Impact on Colorado in 2022

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Former Candlewood Suites - Western Slopes

Listing Price: $6,000,000

Cap Rate
9.30%
Number of Rooms
73
RevPAR
$52
Gross SF
41,117
Price/Room
$82,192
Price/Gross SF
$145.93
Year Built
2000

Investment Highlights

  • All 73 Guest Rooms Have Kitchenettes - Layouts Include Studio and 1 Bedroom Options
  • Formerly Candlewood Suites, Options to Rebrand are Available
  • Located off of I-70, Half Way Point Between Grand Junction and Glenwood Springs
  • Parachute was First Established When Oil was Found Nearby - Oil and Gas Continue to have a Steady Economic Impact
  • Garfield County Provides Access to Nearly One Dozen National/State Parks and Forest Areas - National Park Tourism had an $864M Economic Impact on Colorado in 2022

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale Western Slope Suites in Parachute, Colorado. This 4-story, 73 key, interior corridor property is located just off of I-70, half way between Grand Junction and Glenwood Springs. Hotel amenities include a business and fitness center, complimentary Wi-Fi and parking, a 24-hour convenience store and on-site guest laundry facilities. Each room is either a suite or a one bedroom, with a full kitchenette. Parachute, Colorado has a history tied to the energy industry, particularly oil and gas. The town also benefits from its proximity to natural attractions, including the Colorado River and the Rocky Mountains.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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