3626 N Freeway Rd, Pueblo, CO 81008
Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Baymont Inn & Suites Pueblo. The 68-room hotel was built in 1996, features an indoor pool and spa, a fitness center, and business center. The Baymont Inn & Suites Pueblo is being offered for sale at $4,000,000 or $58,825 per key. Priced with a capitalization rate of 10.17% or 3.59 times March 2018’s trailing-twelve-month room revenue. The hotel is operating at a 71% RevPAR index penetration leaving operational upside for a new investor.
The hotel is offered fee simple and unencumbered by debt and management.
The Baymont Inn & Suites Pueblo is a 68-room, three-story, limited-service, interior corridor hotel built in 1996. The midscale hotel was originally built as a Sleep Inn & Suites and was recently converted to a Baymont Inn & Suites. As well as offering spacious and well-appointed suites, the property features many common area and guest room amenities. Common area amenities include an indoor pool and spa, fitness center, and business center. The guest room amenities consist of a work desk, microwave, refrigerator, and a flat-screen television with satellite channels.
Pueblo, Colorado, the seventh largest city in Colorado, is located in Pueblo County in the southeastern region of the state. The city is one of the country’s top cities for historic preservation and has dedicated a three-district creative corridor for art galleries, public art displays, and events located four miles from the hotel. The Baymont Inn & Suites Pueblo is positioned off Pueblo Mall Drive and Mel Harmon Drive, between I-25 and Highway 47. The hotel is located just a short drive from many of the city’s popular revenue generators and major employers. Nearby attractions and top revenue generators include the Pueblo Mall (0.6 miles) which is within walking distance of the hotel, the Vietnam War Memorial (1.1 miles), Colorado State University Pueblo (2.2 miles), Rosemount Museum (2.4 miles), El Pueblo History Museum (3.1 miles), Pueblo Heritage Museum (3.6 miles), Pueblo Zoo (6.6 miles), Weisbrod Aircraft Museum (7.7 miles), and the Lake Pueblo State Park (10 miles). The city’s major employers in close proximity to the property are Parkview Medical Center (2 miles), Convergys Corporation (5.2 miles), Rocky Mountain Steel Mills (5.4 miles), St. Mary-Corwin Medical Center (6 miles).
Agent for this listing
Vice President Investments, National Hospitality Group
Office: (303) 328-2036
Mobile: (540) 522-9115