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Hotel-Motel

Holiday Inn Express & Suites Limon I-70

803 US-24, Limon, CO 80828

Listing Price: $7,600,000

Number of Rooms
67
RevPAR
$69
Gross SF
35,000
Price/Room
$113,433
Price/Gross SF
$217.14
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Limon I-70, a three-story limited service hotel conveniently located off of Interstate 70 in Limon, Colorado. The newly renovated hotel consists of 67 guest rooms and offers amenities including a heated indoor pool & spa, business center, fitness center, Express Start Breakfast Bar and guest laundry facilities. Limon is located just an hour east of Denver, one of the first stops out of the Denver MSA and one of the last stops before getting into the Denver MSA. The Holiday Inn Express & Suites Limon I-70 represents the opportunity to acquire a fully renovated, IHG-branded hotel that consistently outperforms its comp set. Our Pro Forma analysis assumes an investor will continue utilizing operating efficiencies and achieving modest revenue growth.

Investment Highlights

  • Formula Blue PIP Completed in 2020
  • Property Consistently Outperforms its Comp Set
  • Conveniently Located Off of Interstate 70 & US Highway 24 (~43k Combined VPD)
  • Only 1 Hour East of Denver
  • Short Drive to Morgan Community College & Lincoln Health Community Hospital
  • Nearby Attractions Include Limon Wetlands, Hugo State Wildlife Area and Several Museums

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Holiday Inn Express & Suites Limon I-70

Listing Price: $7,600,000

Number of Rooms
67
RevPAR
$69
Gross SF
35,000
Price/Room
$113,433
Price/Gross SF
$217.14
Year Built
2006

Investment Highlights

  • Formula Blue PIP Completed in 2020
  • Property Consistently Outperforms its Comp Set
  • Conveniently Located Off of Interstate 70 & US Highway 24 (~43k Combined VPD)
  • Only 1 Hour East of Denver
  • Short Drive to Morgan Community College & Lincoln Health Community Hospital
  • Nearby Attractions Include Limon Wetlands, Hugo State Wildlife Area and Several Museums

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Limon I-70, a three-story limited service hotel conveniently located off of Interstate 70 in Limon, Colorado. The newly renovated hotel consists of 67 guest rooms and offers amenities including a heated indoor pool & spa, business center, fitness center, Express Start Breakfast Bar and guest laundry facilities. Limon is located just an hour east of Denver, one of the first stops out of the Denver MSA and one of the last stops before getting into the Denver MSA. The Holiday Inn Express & Suites Limon I-70 represents the opportunity to acquire a fully renovated, IHG-branded hotel that consistently outperforms its comp set. Our Pro Forma analysis assumes an investor will continue utilizing operating efficiencies and achieving modest revenue growth.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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