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Hotel-Motel

Quality Inn & Suburban Studios Canon City

3075 US-50, Cañon City, CO 81212

Listing Price: $6,250,000

Cap Rate
5.90%
Number of Rooms
151
RevPAR
$33
Gross SF
86,287
Price/Room
$41,391
RRM
3.70
Price/Gross SF
$72.43
Year Built
1974

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suburban Studios dual brand in Canon City; a two-story limited service hotel conveniently located off of U.S. Route 50 in Cañon City, Colorado. The hotel consists of 151 guest rooms (Quality Inn 101 / Suburban Studios 48 - All 48 Rooms with Kitchenettes) and offers amenities including a outdoor pool & spa, meeting space, and business center. The property is within close proximity to Royal Gorge Mountain Park.

The Quality Inn & Suburban Studios Dual Brand in Canon City represents the opportunity to acquire a franchised hotel in a desirable tourist destination. The property presents a strong opportunity to stabilize operations while capitalizing on historically strong topline revenue; along with continued modest growth supported by the increasing population and demand in the Southern Colorado region.

Investment Highlights

  • Recently renovated in 2023 – $600k in capex
  • Conveniently located off U.S. Highway 50 which takes you from Grand Junction, down to Montrose and over to Pueblo
  • Operational upside in management
  • 20 miles from the Royal Gorge Bridge and Park which attracts over 300,000 visitors a year

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Quality Inn & Suburban Studios Canon City

Listing Price: $6,250,000

Cap Rate
5.90%
Number of Rooms
151
RevPAR
$33
Gross SF
86,287
Price/Room
$41,391
RRM
3.70
Price/Gross SF
$72.43
Year Built
1974

Investment Highlights

  • Recently renovated in 2023 – $600k in capex
  • Conveniently located off U.S. Highway 50 which takes you from Grand Junction, down to Montrose and over to Pueblo
  • Operational upside in management
  • 20 miles from the Royal Gorge Bridge and Park which attracts over 300,000 visitors a year

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suburban Studios dual brand in Canon City; a two-story limited service hotel conveniently located off of U.S. Route 50 in Cañon City, Colorado. The hotel consists of 151 guest rooms (Quality Inn 101 / Suburban Studios 48 - All 48 Rooms with Kitchenettes) and offers amenities including a outdoor pool & spa, meeting space, and business center. The property is within close proximity to Royal Gorge Mountain Park. The Quality Inn & Suburban Studios Dual Brand in Canon City represents the opportunity to acquire a franchised hotel in a desirable tourist destination. The property presents a strong opportunity to stabilize operations while capitalizing on historically strong topline revenue; along with continued modest growth supported by the increasing population and demand in the Southern Colorado region.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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