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 · 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
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

ZONING

Zoning Code PBC AO
  • Listing ID: 25351498

  • Date on Market: 3/29/2022

  • Last Updated:

  • Address: 520 N Murray Blvd, Colorado Springs, CO 80915