Renovation-Ready: The hotel underwent partial renovations before the borrower forfeited the asset. Notably, FF&E for a full renovation including guestrooms, including PTACs and all public space is already on-site and available to purchase in a separate transaction from the lenders. Settlement agreements have been posted to the dataroom for the two lenders that had leases on the FF&E. Once a Buyer has been chosen, contact information will be provided to the Buyer. As stated in our Confidentiality Agreement, Buyers are prohibited from contacting FF&E lenders directly. ? Branding Opportunity: Multiple branding options are available, and we have initiated discussions with Marriott regarding its new City Express brand—an upper-midscale conversion flag tailored for assets like this. Backed by Marriott Bonvoy's powerful booking channels and a full renovation, this hotel is positioned to compete aggressively with the adjacent Holiday Inn Express. ? Expansion & Alternate Uses: The property includes additional land for potential expansion or repurposing. With high visibility from I-25 and strong transient demand from I-80, opportunities include: - Camper van parking to capitalize on the outdoor travel market. - Transform the outdoor patio into a social gathering space with fire pits and seating. - A food truck park to attract both interstate travelers and guests from neighboring hotels, enhancing demand with a vibrant social venue. With strong summer transient demand and winter weather-driven occupancy, this asset offers a compelling investment opportunity.