Skip to main content

Hotel-Motel

Holiday Inn & Suites Grand Junction Airport

2751 Crossroads Blvd, Grand Junction, CO 81506

Listing Price: $12,000,000

Cap Rate
1.00%
Number of Rooms
120
RevPAR
$75
Gross SF
74,517
Price/Room
$100,000
RRM
3.70
Price/Gross SF
$161.04
Year Built
2008

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Grand Junction Airport, a four-story full service hotel conveniently located off of Interstate 70 in Grand Junction, the largest city in Western Colorado. The hotel's 119 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include an onsite restaurant, heated indoor pool & spa, meeting space, business center, fitness center and guest laundry facilities. The property is ideally located at the entrance to Grand Junction Regional Airport, the largest airport in Western Colorado and the third-largest airport in the entire state. Downtown Grand Junction, Colorado Mesa University and several attractions are less than 10 minutes from the hotel. Grand Junction is regarded as the region's commercial center. The primary factors for the local economy are healthcare, agriculture, tourism, livestock and oil and gas. The area also includes light manufacturing. The Holiday Inn & Suites Grand Junction Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market 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 Western Colorado region.

Investment Highlights

  • Less Than a Mile from Grand Junction Regional Airport, the Largest Airport in Western Colorado & 3rd-Largest Airport in the State
  • Minutes to Downtown, which is Home to Dozens of Locally-Owned Shops, Music Venues, Restaurants & Galleries
  • 2 Miles to Colorado Mesa University (~11k Enrollment)
  • 2 Miles to St. Mary's Medical Center, the Largest Medical Center Between Denver & Salt Lake City
  • Minutes to Attractions Including Western Colorado Botanical Gardens, Grand Junction Motor Speedway, Mesa County Fairgrounds and Colorado River State Park

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Holiday Inn & Suites Grand Junction Airport

Listing Price: $12,000,000

Cap Rate
1.00%
Number of Rooms
120
RevPAR
$75
Gross SF
74,517
Price/Room
$100,000
RRM
3.70
Price/Gross SF
$161.04
Year Built
2008

Investment Highlights

  • Less Than a Mile from Grand Junction Regional Airport, the Largest Airport in Western Colorado & 3rd-Largest Airport in the State
  • Minutes to Downtown, which is Home to Dozens of Locally-Owned Shops, Music Venues, Restaurants & Galleries
  • 2 Miles to Colorado Mesa University (~11k Enrollment)
  • 2 Miles to St. Mary's Medical Center, the Largest Medical Center Between Denver & Salt Lake City
  • Minutes to Attractions Including Western Colorado Botanical Gardens, Grand Junction Motor Speedway, Mesa County Fairgrounds and Colorado River State Park

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Grand Junction Airport, a four-story full service hotel conveniently located off of Interstate 70 in Grand Junction, the largest city in Western Colorado. The hotel's 119 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include an onsite restaurant, heated indoor pool & spa, meeting space, business center, fitness center and guest laundry facilities. The property is ideally located at the entrance to Grand Junction Regional Airport, the largest airport in Western Colorado and the third-largest airport in the entire state. Downtown Grand Junction, Colorado Mesa University and several attractions are less than 10 minutes from the hotel. Grand Junction is regarded as the region's commercial center. The primary factors for the local economy are healthcare, agriculture, tourism, livestock and oil and gas. The area also includes light manufacturing. The Holiday Inn & Suites Grand Junction Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market 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 Western Colorado region.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

MM Texture Background
MM Textured Background Lower