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Hotel-Motel

Quality Inn & Suites Craig

300 South Highway 13, Craig, CO 81625

Listing Price: $7,500,000

Cap Rate
11.60%
Number of Rooms
152
RevPAR
$51
Gross SF
85,796
Price/Room
$49,342
Price/Gross SF
$87.42
Year Built
1981

Investment Overview

- Priced under 3x Revenue, 11.6% in-place cap rate
- Room revenue has averaged $2.9m+ the last 4 years
- Craig is known as the “Elk Hunting Capital of the World”
- 25 mi from Yampa Valley Regional Airport (HDN) – Gateway to Steamboat Springs
- Nearby Destinations: Steamboat Springs Ski Resort, Dinosaur National Monument, Medicine Bow-Routt National Forests, Yampa River State Park

Investment Highlights

  • Priced under 3x Revenue, 11.6% in-place cap rate
  • Room revenue has averaged $2.9m+ the last 4 years
  • Craig is known as the "Elk Hunting Capital of the World"

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Quality Inn & Suites Craig

Listing Price: $7,500,000

Cap Rate
11.60%
Number of Rooms
152
RevPAR
$51
Gross SF
85,796
Price/Room
$49,342
Price/Gross SF
$87.42
Year Built
1981

Investment Highlights

  • Priced under 3x Revenue, 11.6% in-place cap rate
  • Room revenue has averaged $2.9m+ the last 4 years
  • Craig is known as the "Elk Hunting Capital of the World"

Investment Overview

- Priced under 3x Revenue, 11.6% in-place cap rate - Room revenue has averaged $2.9m+ the last 4 years - Craig is known as the “Elk Hunting Capital of the World” - 25 mi from Yampa Valley Regional Airport (HDN) – Gateway to Steamboat Springs - Nearby Destinations: Steamboat Springs Ski Resort, Dinosaur National Monument, Medicine Bow-Routt National Forests, Yampa River State Park

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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