Quality Inn Colorado Springs Airport

$7,100,000

2115 Aerotech Dr, Colorado Springs, CO 89016

Details

  • $7,100,000
  • Limited Service

Investment Overview:

The Quality Inn Colorado Springs Airport is priced at $7.1M which is 3.65 times the 2017 year-end room revenue or 80,681 per key. The November 2017 Trailing Twelve Month NOI is $736,007 which give the hotel a capitalization rate of 10.37 percent based on the 7.1M list price. A new investor can expect a 20.42 percent cash-on-cash return assuming a 20% down payment with a loan amortized over 25 years at a 6 percent interest rate. Due to the recent renovations completed by the existing ownership, a new investor can assume a minimal PIP from Choice Hotels upon transfer.

Property Overview:

The Quality Inn Colorado Springs Airport is a two-story, 1996 construction 88 room, interior corridor hotel located adjacent the Colorado Springs Airport. The Colorado Springs Airport is the second largest airport in Colorado which offers direct flights to over 18 major markets including Washington D.C., Los Angels and Chicago. The hotel offers spacious and well-appointed accommodations with a convenient location near numerous corporate demand generators and a short drive to restaurants and shopping.

Several major local attractions are a short distance away, including Garden of the Gods, Seven Falls, Pikes Peak, Cripple Creek, Cave of the Winds, the Olympic Training Center, Memorial Hospital, Penrose Hospital, New Life Church and more.

Location Overview:

The Quality Inn Colorado Springs Airport is located 3 miles West of the Colorado Springs Airport which is the second largest airport in Colorado. The Airport offers direct flights to over 18 major markets including Washington D.C., Los Angeles, Chicago and Dallas, makings its location ideal for an absentee owner. The property has excellent visibility and accessibility from the airport’s main thoroughfare which makes the properties location very convenient for transient guests.

Sierra Completions, a subsidiary of Sierra Nevada Corporation, which is constructing an $88-million campus that will house 2,100 employees within five years is less than 1 mile from the Quality Inn. The facility is expected to boost activity at the airport, anchor the area’s emerging commercial aerospace industry, and generate a $5-billion impact on the state’s economy.

Agent for this listing

Skyler Cooper

Vice President Investments, National Hospitality Group
Office: (713) 452-4275
Mobile: (540) 522-9115
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