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2690 W Highway 40 - Travelodge, Craig, CO

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2690 W Highway 40 - Travelodge

Craig, CO 81625-4000

Property Type:Hospitality Number of Rooms:42 Status:Existing Year Built:1980
Stories:2 Building Size:33,962 SF Land Area:1.99 AC (86,758 SF)
For Sale Price:$1,000,000 Price/Room:$23,810 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. 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.

RE/MAX Partners Commercial Division
Brett Morganti
(303) 248-6105

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