14378 US Highway 34 | Fort Morgan, CO 80701
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14378 US Highway 34
Fort Morgan, CO 80701
Baymont Inn & Suites - Fort Morgan · Hospitality Property For Sale · 64,526 SF
Investment Highlights
- Currently, the hotel is renting out 99 rooms with an additional room being used as a manager living quarters.
- YTD March 2023 hotel revenue increased 120% compared to the same period in 2022, and its March 2023 TTM revenue amounted to $1,509,346.
- The market’s expanding industrial business generators in the area include Cargill Meat Solutions, Western Sugar Cooperative, and Xcel Energy.
- In 2022, the hotel’s RevPAR was $36.47, while the competitive set’s RevPAR was $56.91, showing a significant upside for growth.
PROPERTY FACTS
| Sale Conditions | Auction Sale | Building Size | 64,526 SF |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1968/2015 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 4.60 AC | Corridor | Interior |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.60 AC |
| Building Size | 64,526 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2015 |
| Parking Ratio | 2.37/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | R009540 01 | Improvements Assessment | $1,619,720 |
| Land Assessment | $32,390 | Total Assessment | $1,652,110 |
PROPERTY TAXES
Parcel Number
R009540 01
Land Assessment
$32,390
Improvements Assessment
$1,619,720
Total Assessment
$1,652,110
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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