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Hotel-Motel

Country Inn & Suites Greeley

2501 W 29th St, Greeley, CO 80631

Listing Price: $5,600,000

Cap Rate
1.80%
Number of Rooms
63
RevPAR
$44
Gross SF
33,116
Price/Room
$88,889
Price/Gross SF
$169.10
Year Built
1997

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Country Inn & Suites Greeley, a three-story limited service hotel conveniently located off of U.S. Route 34 in Greeley, Colorado. The hotel consists of 63 guest rooms and offers amenities including a heated indoor saltwater pool & spa, meeting space, business center, complimentary breakfast and complimentary coffee in lobby. The property consistently receives excellent guest reviews and has been recently renovated with a new elevator and pool in 2019. Additionally, the owner is currently in process of changing the flooring in guest rooms and selecting new carpeting for the hallways. Greeley is located in northern Colorado, only 45 minutes from Fort Collins and one hour from Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, Wyoming. Demand for the property is generated from the University of Northern Colorado, two medical centers, nearby attractions, and businesses that run large operations in the area. Additionally, a large sports complex and retail center is being constructed in Windsor, just 15 miles from the property. This new complex will bring a Minor League Baseball team to the area and is expected to create thousands of jobs and generate millions in sales tax revenue. The Country Inn & Suites Greeley represents the opportunity to acquire a Radisson-branded hotel in Greeley, Colorado near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the northern Colorado region.

Investment Highlights

  • Recent Property Improvements
  • Consistently Receives Excellent Guest Reviews
  • 1 Mile to the University of Northern Colorado | 11k+ Enrollment
  • Within 4 Miles of North Colorado Medical Center & UCHealth Greeley Hospital
  • Nearby Attractions Include Island Grove Regional Park/Greeley Stampede, Bittersweet Park, Greeley History Museum and Colorado Model Railroad Museum
  • Within an Hour of Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, WY
  • Easily Accessible to and from U.S. Routes 34 and 85

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Country Inn & Suites Greeley

Listing Price: $5,600,000

Cap Rate
1.80%
Number of Rooms
63
RevPAR
$44
Gross SF
33,116
Price/Room
$88,889
Price/Gross SF
$169.10
Year Built
1997

Investment Highlights

  • Recent Property Improvements
  • Consistently Receives Excellent Guest Reviews
  • 1 Mile to the University of Northern Colorado | 11k+ Enrollment
  • Within 4 Miles of North Colorado Medical Center & UCHealth Greeley Hospital
  • Nearby Attractions Include Island Grove Regional Park/Greeley Stampede, Bittersweet Park, Greeley History Museum and Colorado Model Railroad Museum
  • Within an Hour of Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, WY
  • Easily Accessible to and from U.S. Routes 34 and 85

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Country Inn & Suites Greeley, a three-story limited service hotel conveniently located off of U.S. Route 34 in Greeley, Colorado. The hotel consists of 63 guest rooms and offers amenities including a heated indoor saltwater pool & spa, meeting space, business center, complimentary breakfast and complimentary coffee in lobby. The property consistently receives excellent guest reviews and has been recently renovated with a new elevator and pool in 2019. Additionally, the owner is currently in process of changing the flooring in guest rooms and selecting new carpeting for the hallways. Greeley is located in northern Colorado, only 45 minutes from Fort Collins and one hour from Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, Wyoming. Demand for the property is generated from the University of Northern Colorado, two medical centers, nearby attractions, and businesses that run large operations in the area. Additionally, a large sports complex and retail center is being constructed in Windsor, just 15 miles from the property. This new complex will bring a Minor League Baseball team to the area and is expected to create thousands of jobs and generate millions in sales tax revenue. The Country Inn & Suites Greeley represents the opportunity to acquire a Radisson-branded hotel in Greeley, Colorado near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the northern Colorado region.

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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