Rodeway Inn Gunnison | 37760 US Highway 50
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Rodeway Inn Gunnison 37760 US Highway 50
37 Room Hotel Gunnison, CO 81230 $3,693,000 ($99,811/Room)
Investment Highlights
- Easy Access Off Main US Highway
- Hot Tub, Guest Business Center, Guest Vending, Guest Laundry, Picnic area
- Minutes to 4-year College
- Franchise Agreement Coming Up for Renewal
- Close to Golf Course
Executive Summary
GUNNISON is the county seat and the most populous municipality of Gunnison County, Colorado, United States. Gunnison County is situated at an altitude of 7,703 feet above sea level. The Gunnison–Crested Butte Regional Airport serves the valley and nearby Crested Butte with both commercial airline and general aviation flights. Gunnison Valley Rural Transportation Authority (RTA) operates bus service between Gunnison and Crested Butte serving Western Colorado University and Crested Butte Mountain Resort. Gunnison is part of the statewide Bustang system, which connects the City of Denver.
At the foot of the Gunnison National Forest, just off main US Hwy 50, is the warm, cozy, well maintained property known as the Rodeway Inn. Hotel is only minutes from famous tourist attractions, eateries, Dos Rio Golf and downtown Gunnison. Gunnison is a diverse community with entrepreneurs, engineers, collegiate, cowboys, farmers and retirees - all who live and thrive in this spectacular part of Colorado.
RECREATION - to name a few tourist attractions: Blue Mesa Reservoir: Colorado's largest body of water, the Blue Mesa Reservoir is perfect for fishing, Ice fishing, boating, kayaking, and paddleboarding. The surrounding Curecanti National Recreation Area also offers camping and hiking opportunities. Western State Colorado University: Expanding campus located in the heart of Gunnison, this university offers cultural events, lectures, and performances that may interest visitors. Hartman Rocks Recreation Area: A popular spot for mountain biking, hiking, rock climbing, and off-roading, Hartman Rocks offers stunning views of the surrounding landscape.
WEATHER: Four Seasons abound in this area with winter activities such as skiing at Crested Butte Mountain Resort, skiing at Monarch Ski Area, snowmobiling, cross country skiing, back country skiing, ice fishing, ice skating, hunting, and snowshoeing. Activities during the summer in Gunnison include fishing on the Gunnison River, Tomichi Creek and Blue Mesa Reservoir, hiking, boating, ATVing, horseback riding, skating, scenic drives and much more. Gunnison average is snowfall 50 inches per year with average precipitation of 11 inches per year. Temperatures can range from -8 degrees to 90 degrees.
EDUCATION: Gunnison, CO is in the Gunnison Watershed School District Re1 - schools: Crested Butte Elementary, Gunnison Elementary Crested Butte Secondary School, Gunnison Middle School, Gunnison High School, Marble Charter School.
COLLEGES: Western State Colorado University (1 miles), Colorado Mountain College (66 miles), Adams State College (93 miles) and Colorado Mesa University (95 miles) Gunnison is home to Western State Colorado University - a 4 year liberal arts college.
HEALTH CARE: Gunnison Valley Hospital (1 mile), Heart of the Rockies Regional Medical Center (47 miles)
Gunnison Valley Health is an award-winning, Joint Commission accredited health system. iVantange Health Analytics has named them one of the Top 100 Critical Access Hospitals in America seven times, and in 2016 we were performing as one of the top 25 rural hospitals in the nation. Gunnison Valley Health is not just a hospital, it is a fully integrated health system that includes almost every aspect of healthcare with a 24 bed, short term critical access hospital.
NEAREST AIRPORTS: Gunnison-Crested Butte Regional Airport (4 miles), Montrose Regional Airport (68 miles), San Luis Valley Regional Airport (125 miles), Grand Junction Regional Airport (130 miles), Aspen-Pitkin county Airport (149 miles.
REVENUE PER CHOICE HOTEL STATISTICS:
2021 Room Rev $810,130 +/-, Occupancy % 64.08 +/-, ADR $94+/-, Rev Par $59.77+/-
2022 Room Rev $926,064 +/-, Occupancy % 72.62 +/-, ADR $97.12 +/-, Rev Par $69.23 +/-
2023 Room Rev $1,040,098 +/-, Occupancy % 74.56 +/-, ADR $104.53 +/-, Rev Par $80.86
© 2019 Motel Man, LLC./Hazen Hospitality Group All information on this site has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of any property you are interested in to determine to your satisfaction and suitability of the property for your needs.
At the foot of the Gunnison National Forest, just off main US Hwy 50, is the warm, cozy, well maintained property known as the Rodeway Inn. Hotel is only minutes from famous tourist attractions, eateries, Dos Rio Golf and downtown Gunnison. Gunnison is a diverse community with entrepreneurs, engineers, collegiate, cowboys, farmers and retirees - all who live and thrive in this spectacular part of Colorado.
RECREATION - to name a few tourist attractions: Blue Mesa Reservoir: Colorado's largest body of water, the Blue Mesa Reservoir is perfect for fishing, Ice fishing, boating, kayaking, and paddleboarding. The surrounding Curecanti National Recreation Area also offers camping and hiking opportunities. Western State Colorado University: Expanding campus located in the heart of Gunnison, this university offers cultural events, lectures, and performances that may interest visitors. Hartman Rocks Recreation Area: A popular spot for mountain biking, hiking, rock climbing, and off-roading, Hartman Rocks offers stunning views of the surrounding landscape.
WEATHER: Four Seasons abound in this area with winter activities such as skiing at Crested Butte Mountain Resort, skiing at Monarch Ski Area, snowmobiling, cross country skiing, back country skiing, ice fishing, ice skating, hunting, and snowshoeing. Activities during the summer in Gunnison include fishing on the Gunnison River, Tomichi Creek and Blue Mesa Reservoir, hiking, boating, ATVing, horseback riding, skating, scenic drives and much more. Gunnison average is snowfall 50 inches per year with average precipitation of 11 inches per year. Temperatures can range from -8 degrees to 90 degrees.
EDUCATION: Gunnison, CO is in the Gunnison Watershed School District Re1 - schools: Crested Butte Elementary, Gunnison Elementary Crested Butte Secondary School, Gunnison Middle School, Gunnison High School, Marble Charter School.
COLLEGES: Western State Colorado University (1 miles), Colorado Mountain College (66 miles), Adams State College (93 miles) and Colorado Mesa University (95 miles) Gunnison is home to Western State Colorado University - a 4 year liberal arts college.
HEALTH CARE: Gunnison Valley Hospital (1 mile), Heart of the Rockies Regional Medical Center (47 miles)
Gunnison Valley Health is an award-winning, Joint Commission accredited health system. iVantange Health Analytics has named them one of the Top 100 Critical Access Hospitals in America seven times, and in 2016 we were performing as one of the top 25 rural hospitals in the nation. Gunnison Valley Health is not just a hospital, it is a fully integrated health system that includes almost every aspect of healthcare with a 24 bed, short term critical access hospital.
NEAREST AIRPORTS: Gunnison-Crested Butte Regional Airport (4 miles), Montrose Regional Airport (68 miles), San Luis Valley Regional Airport (125 miles), Grand Junction Regional Airport (130 miles), Aspen-Pitkin county Airport (149 miles.
REVENUE PER CHOICE HOTEL STATISTICS:
2021 Room Rev $810,130 +/-, Occupancy % 64.08 +/-, ADR $94+/-, Rev Par $59.77+/-
2022 Room Rev $926,064 +/-, Occupancy % 72.62 +/-, ADR $97.12 +/-, Rev Par $69.23 +/-
2023 Room Rev $1,040,098 +/-, Occupancy % 74.56 +/-, ADR $104.53 +/-, Rev Par $80.86
© 2019 Motel Man, LLC./Hazen Hospitality Group All information on this site has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of any property you are interested in to determine to your satisfaction and suitability of the property for your needs.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $3,693,000 | Building Size | 16,255 SF |
| Price Per Room | $99,811 | No. Rooms | 37 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2022 |
| Property Subtype | Hotel | Parking Ratio | 3.69/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.64 AC |
| Price | $3,693,000 |
| Price Per Room | $99,811 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 16,255 SF |
| No. Rooms | 37 |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 3.69/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 37 | $92.00 | - |
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PROPERTY TAXES
| Parcel Number | R010549 | Improvements Assessment | $297,780 |
| Land Assessment | $59,800 | Total Assessment | $357,580 |
PROPERTY TAXES
Parcel Number
R010549
Land Assessment
$59,800
Improvements Assessment
$297,780
Total Assessment
$357,580
zoning
| Zoning Code | SFR |
| SFR |
-
John Watson Hazen II -
Brandon Hert -
Hazen Hospitality Group
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Rodeway Inn Gunnison | 37760 US Highway 50
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