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Quality Inn & Suites Craig 300 S Highway 13 152 Room Hotel Craig, CO 81625 $7,500,000 ($49,342/Room)
INVESTMENT HIGHLIGHTS
- Priced at 3x Revenue, 11.3% in-place cap rate
- Room revenue has averaged $2.9m+ the last 4 years
- Craig is known as the “Elk Hunting Capital of the World”
- Nearby Destinations: Steamboat Springs Ski Resort, Dinosaur National Monument, Medicine Bow-Routt National Forests, Yampa River State Park
- $2 Billion Pumped-Hydropower Development project coming to Craig
- 25 mi from Yampa Valley Regional Airport (HDN) – Gateway to Steamboat Springs
PROPERTY FACTS
| Price | $7,500,000 | Building Size | 85,796 SF |
| Price Per Room | $49,342 | No. Rooms | 152 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1981/2019 |
| Property Subtype | Hotel | Parking Ratio | 2.82/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 7.08 AC | ||
| Zoning | R1 | ||
| Price | $7,500,000 |
| Price Per Room | $49,342 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.08 AC |
| Building Size | 85,796 SF |
| No. Rooms | 152 |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2019 |
| Parking Ratio | 2.82/1,000 SF |
| Corridor | Interior |
| Zoning | R1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 19 | $107.00 | - |
| Guest Room | 133 | $91.00 | - |
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PROPERTY TAXES
| Parcel Number | R009099 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $753,772 |
PROPERTY TAXES
Parcel Number
R009099
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$753,772
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Quality Inn & Suites Craig | 300 S Highway 13
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