Howard Johnson Colorado Springs is a 115-room, exterior corridor, limited service economy level hotel located Off I-25 and Highway 83. This economy level hotel was built in 1984 and is four stories tall. Room amenities include refrigerator, microwave, work desk, hair dryer and WiFi access. Common area amenities include an outdoor pool, wireless high-speed internet, free continental breakfast and a business center.
Howard Johnson Colorado Springs is offered below replacement cost at $37,391 per key or $4,300,000. The property has consistently produced over $1,000,000 in yearly room revenue over the past several years. Based on the 12/31/2016, annual room revenue, the hotel is being offered at a 3.08 times room revenue multiplier. A new owner will have great potentials to increase the current revenue and improve sales through local marketing efforts.
Colorado Springs is located in southern Colorado and is in the county of El Paso County. It is not only home to Air Force Academy, Colorado College and University of Colorado in Colorado Springs, but also to diverse high-tech, military bases and service-related businesses. The Howard Johnson Colorado Springs is also close to many local attractions, including the Garden of the Gods, Pikes Peak and Manitou Springs and United Stated Olympic Training Center.
