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Hotel-Motel

Candlewood Suites Craig Northwest

92 Commerce St, Craig, CO 81625

Listing Price: $6,200,000

Cap Rate
7.90%
Number of Rooms
76
RevPAR
$66
Gross SF
14,540
Price/Room
$81,579
Price/Gross SF
$426.41
Year Built
2008

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites Craig Northwest, a three-story interior corridor hotel conveniently located off of U.S. Route 40 and State Highway 13 in Craig, Colorado. The property is conveniently located one mile from Memorial Regional Health and 2 miles southwest of Downtown Craig. The hotel's 76 guest suites include a flat-screen TV, work desk, fully equipped kitchen and spacious living space. Hotel amenities include a covered patio with grills and seating, business center, fitness center and guest laundry facilities. The Candlewood Suites Craig Northwest represents the opportunity to acquire an IHG-branded hotel in a desirable market that has displayed resilience through the COVID-19 pandemic. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Northern Colorado region.

Investment Highlights

  • Consistent, Stable Revenue Throughout the COVID-19 Pandemic
  • Excellent Location Off of U.S. Route 40 in Northern Colorado
  • 1 Mile to Memorial Regional Health Medical Center
  • Nearby Attractions Include Museum of Northwest Colorado, Wyman Living History Museum, Elkhead Reservoir State Park and Yampa River State Park
  • 45 Minutes West of Steamboat Springs Ski Resort
  • Significant Outdoor Recreational and Transient Demand in the Area

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Candlewood Suites Craig Northwest

Listing Price: $6,200,000

Cap Rate
7.90%
Number of Rooms
76
RevPAR
$66
Gross SF
14,540
Price/Room
$81,579
Price/Gross SF
$426.41
Year Built
2008

Investment Highlights

  • Consistent, Stable Revenue Throughout the COVID-19 Pandemic
  • Excellent Location Off of U.S. Route 40 in Northern Colorado
  • 1 Mile to Memorial Regional Health Medical Center
  • Nearby Attractions Include Museum of Northwest Colorado, Wyman Living History Museum, Elkhead Reservoir State Park and Yampa River State Park
  • 45 Minutes West of Steamboat Springs Ski Resort
  • Significant Outdoor Recreational and Transient Demand in the Area

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites Craig Northwest, a three-story interior corridor hotel conveniently located off of U.S. Route 40 and State Highway 13 in Craig, Colorado. The property is conveniently located one mile from Memorial Regional Health and 2 miles southwest of Downtown Craig. The hotel's 76 guest suites include a flat-screen TV, work desk, fully equipped kitchen and spacious living space. Hotel amenities include a covered patio with grills and seating, business center, fitness center and guest laundry facilities. The Candlewood Suites Craig Northwest represents the opportunity to acquire an IHG-branded hotel in a desirable market that has displayed resilience through the COVID-19 pandemic. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Northern Colorado region.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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