This Hospitality Property is no longer advertised on LoopNet.com.
520 N Murray Blvd
Colorado Springs, CO 80915
Rodeway Inn Central Colorado Springs · Hospitality Property For Sale
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31,074 SF
INVESTMENT HIGHLIGHTS
Recently completed renovations of 38 guest rooms in 2020, including replacement of hallway carpet (approximate $150,000).
Extensive landscaping and parking lot resurfacing completed in 2020.
The hotel increased occupancy to 86% in 2021, while growing ADR 31% YOY.
Additional four (4) guest rooms completed in early 2022 with total investment exceeding $200,000.
The hotel stood resilient in 2020 and realized a 6 % YOY increase in room revenue while the submarket declined -26% in overall demand.
2021 ADR growth of 19% over 2019.
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
C
Lot Size
1.53 AC
Building Size
31,074 SF
No. Stories
3
Year Built/Renovated
1969/2008
Tenancy
Single
Parking Ratio
3.22/1,000 SF
Corridor
Interior
AMENITIES
High Speed Internet Access
PROPERTY TAXES
Parcel Number
64113-07-069
Improvements Assessment
$813,800
Land Assessment
$162,700
Total Assessment
$976,500