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Hotel-Motel

Econo Lodge Limon I-70

985 US-24, Limon, CO 80828

Listing Price: Request For Offer

Number of Rooms
47
RevPAR
$25
Year Built
1981

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Econo Lodge Limon (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered on a "call for offers" basis. Please reach out to the listing agent for more information.

The Econo Lodge Limon is located at 985 US Highway 24 in central-east Colorado, at the Intersection of Interstate 70 and Highway 40. Built in 1981 on 0.95 acres, the 47 rooms, limited-service Hotel is compromised of two stories and maintains amenities such as a business center and breakfast dining area.

Limon is positioned in Lincoln County, nearly equidistant from Denver and Colorado Springs. The city was nicknamed “Hub City” due to the multiple thoroughfares that pass through the town, including Interstate 70, U.S. Highways 24, 40, and 287, and State Highways 71 and 86. Major industries in the region include renewable energy, agriculture, health care, logistics, and retail trade. Top employers like the Colorado Department of Corrections, Lincoln Community Hospital, and Lincoln County play a significant role in the regional economy and increases business room demand. Transient and leisure demand is supported by the many entertainment attractions like Limon Heritage Museum, Limon Wetlands, and Limon Railroad Depot.

In the trailing twelve-month period ending in July 2023, the limited-service Hotel recorded over $426 thousand in total revenues, coupled with exceptional net operating income of over $143 thousand or 33.5 percent of total revenues, after a four percent capital replacement reserve. This offering allows an investor to acquire this asset at a price below replacement cost and capitalize on the ideal cash flows.

Investment Highlights

  • Two-Story, 47-Room, Interior-Corridor, Economy, Choice Hotels International Branded Asset
  • Located Around 90 Miles and 75 Miles from Denver and Colorado Springs
  • Ideal Position off Interstate 70 and Highway 40 near Highway 24 and 287
  • Expected to Trade Well Below Replacement Cost

Exclusively Listed By

Financing By

Hotel-Motel

Econo Lodge Limon I-70

Listing Price: Request For Offer

Number of Rooms
47
RevPAR
$25
Year Built
1981

Investment Highlights

  • Two-Story, 47-Room, Interior-Corridor, Economy, Choice Hotels International Branded Asset
  • Located Around 90 Miles and 75 Miles from Denver and Colorado Springs
  • Ideal Position off Interstate 70 and Highway 40 near Highway 24 and 287
  • Expected to Trade Well Below Replacement Cost

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Econo Lodge Limon (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered on a "call for offers" basis. Please reach out to the listing agent for more information. The Econo Lodge Limon is located at 985 US Highway 24 in central-east Colorado, at the Intersection of Interstate 70 and Highway 40. Built in 1981 on 0.95 acres, the 47 rooms, limited-service Hotel is compromised of two stories and maintains amenities such as a business center and breakfast dining area. Limon is positioned in Lincoln County, nearly equidistant from Denver and Colorado Springs. The city was nicknamed “Hub City” due to the multiple thoroughfares that pass through the town, including Interstate 70, U.S. Highways 24, 40, and 287, and State Highways 71 and 86. Major industries in the region include renewable energy, agriculture, health care, logistics, and retail trade. Top employers like the Colorado Department of Corrections, Lincoln Community Hospital, and Lincoln County play a significant role in the regional economy and increases business room demand. Transient and leisure demand is supported by the many entertainment attractions like Limon Heritage Museum, Limon Wetlands, and Limon Railroad Depot. In the trailing twelve-month period ending in July 2023, the limited-service Hotel recorded over $426 thousand in total revenues, coupled with exceptional net operating income of over $143 thousand or 33.5 percent of total revenues, after a four percent capital replacement reserve. This offering allows an investor to acquire this asset at a price below replacement cost and capitalize on the ideal cash flows.

Exclusively Listed By

Financing By

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