520 N Murray Blvd | Colorado Springs, CO 80915
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- LoopNet Team
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 | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1969/2008 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.53 AC | Parking Ratio | 3.22/1,000 SF |
| Building Size | 31,074 SF | Corridor | Interior |
| Zoning | PBC AO | ||
| 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 |
| Zoning | PBC AO |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 64113-07-069 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,213,110 |
Property Taxes
Parcel Number
64113-07-069
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,213,110
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