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15150 Brighton Road - Quality Inn, Brighton, CO

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15150 Brighton Road - Quality Inn

Brighton, CO 80601-7304 - Northeast Denver Submarket

Property Type:Hospitality Number of Rooms:52 Status:Existing Year Built:1996
Stories:3 Building Size:24,528 SF Land Area:.8 AC (34,848 SF)
For Sale Price:$6,400,000 Price/Room:$123,077 Cap Rate:10.16 %

Parking:2.98 Parking Spaces / 1,000 SF

Property Description: Hotel

Sale Notes:
The property now operates as Quality Inn, since August of 2017. The revenue has steadily increased since the conversion. It is in excellent condition, with the completion of Quality PIP. A new buyer should expect very minimal PIP, entering Choice franchise agreement. Currently, 12 month trailing gross revenue stands near $1.52M. Being a small property with only 52 rooms, there are minimal operational costs, with outstanding RevPar values, throughout the year.
Of course, among the attached P&L, besides "rent" and "officer compensation", there are close to $50,000 expenses that would be needed to added back to the current NOI, the costs incurred by owners on other properties they own.

Brighton Comfort Inn
Eugene Lee
(805) 415-2031

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