Red Arrow Inn & Suites, a Travelodge 1702 E Main St 57 Room Hotel Montrose, CO 81401 $3,850,000 ($67,544/Room) 12.96% Cap Rate

Rare Investment Opportunity: Lodging & RV Park – Montrose, CO
Diversified Hospitality Asset in a Booming Colorado Destination
This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado’s most scenic and rapidly expanding markets—Montrose. This rare investment opportunity combines:
• A 58-key lodging property
• A fully equipped 23-spot RV park (Will be delivered Entitled – ready to build)
Lodging Property Highlights:
• Size: 32,866 SF | Acreage: 3.25 Acres
• 58 exterior corridor rooms
• Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy
• Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land
• Recent capital improvements of $300,000+, including:
o New PTAC units (17 Rooms)
o Foundation and structural upgrades
o Framing, plumbing, and new paint
o New exterior paint
o Modernized guest amenities:
o Renovated lobby with indoor/outdoor seating
o Business center & fitness room
o Restrooms with showers
o Flexible branding: keep or remove Wyndham flag
RV Park Features (ONCE BUILT):
• 23 dedicated RV spots with individual hookups
• Shared access to top-tier guest amenities: - (Club House - Already Built)
• Lounge area
• Laundry room
• Fitness center
• Restrooms & showers
• Indoor/outdoor dining area
• Stabilized projected NOI: $125,000 – $150,000 annually
• Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists
• RV park permitted use will be complete 04/30/26.
City is in the process of upgrading sewer line. RV park cannot tie into the sewer line until November 2027.
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Location Advantages:
• Minutes from Montrose Regional Airport – Direct Flights From Denver, DFW
• Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison
• A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers
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Investment Summary:
Component Key Metrics
Lodging Property
58 rooms Offered at $3,975,000
RV Park
22 spots, projected income $125,000 $150,000k
Total Acreage: 3.82 Acres (combined)
Branding Option
Franchise (Wyndham) or Go Independent with low Liquidated Damage
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Why Invest Now?
• Peak tourism season approaching
• Value-add NOI upside projected $125,000-$150,000k yearly
• High-demand hospitality submarket with growing regional traffic
• Diversified revenue streams from rooms and RV launch
Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.