14378 US 34 - Hospitality FOR SALE
Fort Morgan, CO 80701 |
14378 US 34
Fort Morgan, CO 80701
HIGHLIGHTS
- Currently, the hotel is renting out 99 rooms with an additional room being used as a manager living quarters.
- The market’s expanding industrial business generators in the area include Cargill Meat Solutions, Western Sugar Cooperative, and Xcel Energy.
- YTD March 2023 hotel revenue increased 120% compared to the same period in 2022, and its March 2023 TTM revenue amounted to $1,509,346.
- In 2022, the hotel’s RevPAR was $36.47, while the competitive set’s RevPAR was $56.91, showing a significant upside for growth.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Baymont Inn & Suites - Fort Morgan
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
63075
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1968
PARKING SPACES
153
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C
APN/PARCEL ID
R009540 01
