700 Colorado Ave - Hospitality FOR SALE
Stratton, CO 80836 |
700 Colorado Ave
Stratton, CO 80836
HIGHLIGHTS
- Two-Story, 40-Room, Wyndham Hotels & Resorts-Branded Hotel Priced Well Below Replacement Cost
- Value-Add Opportunity with Absentee Owner and Capital Expenditures Available for Minimal Expense such as a Banquet Hall, On-Site Restaurant,and Lounge
- Easily Accessible from Interstate 70 and U.S. Highway 24 and Located About 148 Miles East of Denver and 132 Miles Northeast of Colorado Springs
- Major Capital Expenditures Completed in YE 2021
- YE 2022 Room Revenues Exceeded $235 Thousand
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
OVERVIEW
The Travelodge by Wyndham Stratton is a 40-room, two-story Hotel stationed at 700 Colorado Avenue in Stratton, Colorado, near Interstate 70. Various common area amenities at the Property include a lobby sitting area and ample parking for vehicles of all sizes. The Property also has several amenities that can be fully functional for minimal expense including an on-site restaurant, lounge, and banquet hall.
FOR SALE DETAILS
PRICE
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# OF ROOMS
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CAP RATE
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BUILDING DETAILS
PROPERTY NAME
Travelodge Stratton
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
25000
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1971
PARKING SPACES
45
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
78003002
