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Red Arrow Inn & Suites, a Travelodge 1702 E Main St 57 Room Hotel Montrose, CO 81401 $3,750,000 ($65,789/Room) 11.73% Cap Rate

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INVESTMENT HIGHLIGHTS

  • • A 58-key lodging property
  • • An optional Boutique Bed & Breakfast add-on, fully subdivided and ready July 2025
  • • A fully equipped 20-spot RV park (Will be delivered Entitled – ready to build)

EXECUTIVE SUMMARY

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
• 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
________________________________________
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
________________________________________
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
________________________________________
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.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $3,750,000
Price Per Room $65,789
Sale Type Investment
Cap Rate 11.73%
Sale Conditions
1031 Exchange
  • Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.24 AC
Building Size 36,566 SF
No. Rooms 57
No. Stories 2
Year Built/Renovated 1956/2013
Parking Ratio 2.56/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning B2 - Highway Commercial

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

ABOUT 1702 E MAIN ST , MONTROSE, CO 81401

Rare Investment Opportunity: Lodging, RV Park & Boutique Bed & Breakfast – Montrose, CO Diversified Boutique 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 20-spot RV park (Will be delivered Entitled – ready to build) An optional Boutique Bed & Breakfast add-on, fully subdivided and ready 2025 Positioned just minutes from Montrose Regional Airport (direct flights from Denver, DFW and other major airports) and nestled between popular destinations like Telluride, Ouray, Ridgway, and the Black Canyon National Park.   This property is ideally located to capture year-round tourism, outdoor recreation, and drive-to traffic. 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 70% yearly occupancy Attractive basis: Priced at only $65,000 per key Recent capital improvements of $300,000+, including: New PTAC units (17 Rooms) Foundation and structural upgrades Framing, plumbing, and new paint New exterior paint Modernized guest amenities: Renovated lobby with indoor/outdoor seating Business center & fitness room Restrooms with showers Flexible branding: keep or remove Wyndham flag RV Clubhouse Features: (ONCE BUILT) 22 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 NOI: $140,000 – $150,000 annually Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists Existing Bed & Breakfast Expansion Opportunity (Subdivision Finalizing November 2025) 7-room suite B&B with private entrances and en-suite bathrooms NOI $150,000 AirDNA Total area: 3,700 SF | Lot size: 0.57 Acre Designed for upscale short-term rental or hosted stays Features include: Guest check-in station Outdoor pool Covered cooking area with built-in hood & fireplaces Can be operated independently or as an upscale extension of the main property 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 Investment Summary: Component Key Metrics Lodging Property 58 rooms  Offered at $3.800M  + RV Land $400k RV Park - Sold Separately ($400,000) Value 22 spots, projected income $200K+ 7 Bedroom Short Term Rental 3,700 SF on 0.57 acres, 4 private suites (Offered at $585k) Total Acreage 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent Why Invest Now? Peak tourism season approaching Value-add NOI upside projected $185k yearly -  with flexible branding & B&B launch High-demand hospitality submarket with growing regional traffic Diversified revenue streams from rooms, RV, and boutique hospitality Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 4 $108.00 -
Guest Room 53 $94.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R0650508
Land Assessment
$219,430
Improvements Assessment
$508,740
Total Assessment
$728,170
  • Listing ID: 36716122

  • Date on Market: 7/13/2025

  • Last Updated:

  • Address: 1702 E Main St, Montrose, CO 81401

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