92 Commerce St - Hospitality FOR SALE


Craig, CO 81625
$6,975,000 USD
801-381-5757
92 Commerce St, Craig, CO for Sale
$6,975,000 USD
Hospitality - FOR SALE
1/11
null | 10% Cap Rate

92 Commerce St
Craig, CO 81625


OVERVIEW

Candlewood Suites Craig-Northwest presents the opportunity to acquire a 76-key, IHG- branded extended-stay hotel strategically located at 92 Commerce Street in Craig, Colorado. Situated just off the US Highway 40 corridor, the property serves a diversified mix of extended-stay, corporate, workforce, recreational and transient demand across Northwest Colorado. IHG specifically positions the hotel for both extended-stay business travelers and visitors drawn to the region’s outdoor recreation and hunting opportunities. The hotel was built in 2008 on approximately 4.06 acres and offers a diversified room mix of 56 Single Queen rooms, six Double Queen rooms and 14 One-Bedroom Suites with pull-out couches. Guest amenities include fully equipped kitchens, complimentary Wi-Fi, fitness facilities, free guest laundry, an on-site market, outdoor grilling areas and complimentary parking with capacity for buses, trucks and trailers—features particularly aligned with longer-duration stays. Offered at $6.975 million at a stated 10% cap rate, the property provides an established hospitality operation with 2024, 2025 and trailing-12-month financials available for investor review.

FOR SALE DETAILS

PRICE

$6,975,000 USD

PRICE/SF

$161 USD /SF

# OF ROOMS

76

PRICE/ROOM

$91,776 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Craig-Northwest

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

76

LAND DETAILS

LAND ACRES

4.06 AC

LAND SF

176,854 SF

ZONING

C-2

APN/PARCEL ID

R009107

ASK ABOUT THIS PROPERTY

Spencer HaymondApex Commercial - KW South Valley Keller WilliamsMore Info
801-381-5757

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Spencer HaymondApex Commercial - KW South Valley Keller WilliamsMore Info
801-381-5757

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