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2690 W Highway 40 - Traveler Inn, Craig, CO

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2690 W Highway 40 - Traveler Inn

Craig, CO 81625-4000

Property Type:Hospitality Number of Rooms:42 Status:Existing Year Built:1980
Stories:2 Building Size:19,500 SF Land Area:1.99 AC (86,758 SF)
For Sale Price:$1,500,000 Price/Room:$35,714 Cap Rate:15.00 %


Craig, CO is located in the Northwest corner of the state, approximately 45 miles from Steamboat Springs. The area is home to some of the best hunting in the country. The Travelodge is in excellent physical condition. The motel completely remodeled in 1999/2000 and has received awards from Travelodge for best motel in the region. The property includes a 3 bedroom manager's unit with a private patio, plenty of truck and RV parking as well as a helicopter pad. The franchise agreement with Travelodge can be terminated at any time without liquidated damages.

Sale Notes:
42 Unit Economy/Limited Service Independent Hotel For Sale with 3 BD 2BA Managers Unit. Over $300K in room revenue in 2015. $428K as of 12/16/16. Recently Remodeled Rooms featuring Singles, Doubles, Family Rooms, & a Honeymoon Suite. The property has onsite guest laundry, recreation room, and supports RV & large truck parking.
Craig is rich in recreational opportunities, natural resources, Native American and pioneer history and Old West lore.

Located midway between Denver and Salt Lake City, Craig boasts the only wave pool complex on the Western Slope and a beautiful and challenging 18-hole public golf course with scenic views of the Yampa River. In Moffat County, you can enjoy sport fishing, abundant wildlife and petroglyphs. You'll also find the gateway to Dinosaur National Monument and one of the last free-roaming herds of wild mustangs.

Resident elk, deer, antelope, mountain lions, sandhill cranes, eagles, wild horses and other species of wildlife may be spotted from roads that wander through scenic back country. Northwest Colorado is nationally renowned for big game hunting.

Summer recreation opportunities include hiking, biking, horseback riding, rafting, kayaking, tubing, motocross,off-highway vehicle fun, camping and more. In the winter, residents and visitors enjoy a variety of snow sports such as cross-country and downhill skiing, snowmobiling, snowshoeing, ice hockey and ice fishing.

Ascent Real Estate
Brett Morganti
(303) 248-6105

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