1702 E Main St - Hospitality FOR SALE


Montrose, CO 81401
$3,750,000 USD
1702 E Main St, Montrose, CO for Sale
$3,750,000 USD
Hospitality - FOR SALE
1/3
null | 13.07% Cap Rate

1702 E Main St
Montrose, CO 81401


HIGHLIGHTS

  • Opportunity to add 23 RV pad units, enhancing the property's diversified income base.
  • Year-to-date room revenue is up 14% over 2025, reflecting strong market momentum.
  • Strong existing cash flow supported by stable operations and consistent year round demand.
  • Driven by Black Canyon of the Gunnison National Park and Telluride and Ouray winter overflow.
  • Montrose Regional Airport, Montrose Memorial Hospital, and Colorado Mesa University drive demand.
  • Private balconies across all 58 rooms, fitness center, guest laundry, and continental breakfast.

OVERVIEW

Matthews Real Estate is pleased to exclusively represent the seller in the disposition of the Red Arrow Inn & Suites Montrose, a Travelodge by Wyndham. This offering presents a rare opportunity to acquire a high-cash-flow hospitality asset with meaningful long-term upside through an adjacent RV park development, creating substantial additional value and diversified revenue streams. The hotel has experienced strong upward momentum following its integration into the Travelodge reservation system, positioning a new owner to capitalize on accelerating performance in a market supported by robust and varied demand drivers. Montrose benefits from year-round visitation tied to the Black Canyon National Park, the San Juan Mountain range, and close proximity to premier regional destinations including Telluride Ski Resort and Ouray, Colorado. Broker Of Record Brayden Conner Matthews Real Estate Investment Services, Inc ER.100106933, EC.100099522 (CO) 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$103 USD /SF

# OF ROOMS

57

PRICE/ROOM

$65,789 {currency}

CAP RATE

13.07%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Arrow Inn & Suites, A Travelodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1956

PARKING SPACES

95

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,964 SF

ZONING

B2

APN/PARCEL ID

R0650508

ASK ABOUT THIS PROPERTY

Brayden ConnerMatthews Real Estate Investment ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brayden ConnerMatthews Real Estate Investment ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.