INVESTMENT HIGHLIGHTS
- Independent Economy Offering: 40-Room Economy Hotel Offering Operational Flexibility Outside a National Franchise System.
- Central Downtown Rifle Location: Positioned in the Heart of Rifle with Convenient Access to Local Restaurants, Shopping, and Community Amenities.
- Strategic Interstate Connectivity: Convenient Access to Interstate 70 and Highway 13 Connecting the Property Throughout Western Colorado.
- Healthcare and Education Demand: Supported by Grand River Health Rifle and Colorado Mountain College – Rifle Campus.
- Corporate and Workforce Demand: Benefits from Nearby Businesses Including DNOW and the Broader Western Colorado Employment Base.
- Regional Event Demand: Near Garfield County Fairgrounds & Events Center and Ute Theater and Events Center.
- Outdoor Recreation Exposure: Access to the Rifle Boat Ramp, Parks, and Recreational Opportunities Throughout the Colorado River Valley.
- Community and Leisure Amenities: Near Centennial Park and Metro Park, Supporting Local Events and Recreational Visitation.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Gateway Lodge ("Hotel" or "Property") located at 520 Railroad Avenue #3548 in the heart of Rifle, Colorado. The independent economy Hotel is offered at $2,990,000 or $74,750 per key.
Situated on approximately 0.57 acres, the Property features 40 guest rooms across two stories within an approximately 15,203-square-foot building. Originally constructed in 1965, the Hotel offers a practical amenity package including complimentary Wi-Fi, free parking, accessible parking, pet-friendly accommodations, refrigerators, microwaves, and in-room televisions. The Property benefits from approximately 45 parking spaces and a central downtown location within walking distance of nearby restaurants, shopping, and other commercial amenities.
The Hotel benefits from a diverse demand base generated by healthcare, higher education, energy and industrial activity, aviation, community events, and outdoor recreation. Healthcare-related visitation is supported by Grand River Health Rifle, while educational demand is generated by Colorado Mountain College – Rifle Campus Corporate and workforce lodging demand is further supported by DNOW and other businesses serving the surrounding Western Colorado market. Community and event-driven visitation stems from the Garfield County Fairgrounds & Events Center, Ute Theater and Events Center, Centennial Park, and Metro Park, while Rifle Garfield County Airport supports regional aviation activity. Leisure demand is complemented by the Rifle Boat Ramp and the area's extensive outdoor recreation opportunities, with additional visitation associated with fishing, hiking, and other activities throughout the Colorado River Valley.
Rifle serves as an important commercial and service center along the Interstate 70 corridor in Western Colorado, benefiting from connectivity to communities throughout the Colorado River Valley and the state's Western Slope. The market combines energy and industrial activity with healthcare, education, aviation, community events, and an established outdoor recreation economy. Rifle's location also provides access to the surrounding mountain landscape and regional attractions, supporting both business and leisure visitation. Additionally, the Property's downtown position further places guests near local restaurants and shopping while maintaining convenient access to Interstate 70 and Highway 13.
BROKER OF RECORD
Adam Lewis
Colorado
P: (303) 328-2000
Lic #: ER.100091205
Firm Lic #: EC.100112078
