First Interstate Inn is a well-positioned hospitality asset located at 1460 Chestnut Ave., Sterling, CO, strategically situated along the highly visible frontage of US HWY 6 and Interstate Freeway I-76. This prime location offers exceptional exposure to travelers, business visitors, and long-term guests passing through northeastern Colorado.
Sterling serves as a regional hub for approximately 70,000 people on the High Plains of Colorado. The city's diversified economy generates over a billion dollars annually, with significant contributions from agriculture, retail, healthcare, and professional services. Agriculture remains a cornerstone of the local economy, encompassing wheat production, organic millet, corn, alfalfa, beef cattle, sheep, and dairy operations. Additionally, Sterling has expanded into oil and gas production, along with various service industries, further broadening its economic base.
Originally built in 1973, the property underwent a complete remodel in 2024, modernizing its accommodations, amenities, and overall guest experience. Currently operating as an absentee-owned business with an on-site manager overseeing daily operations, this turn-key opportunity is ideal for an owner-operator or an investor seeking a hands-off approach.
The sale includes all furniture, fixtures, and equipment (FFE), an established customer base, trained staff, and the going concern value of the business—ensuring a seamless transition. Additionally, the seller will provide a two-week training period to support the new owner.
Attractive Seller Financing Available! The seller is offering exclusive financing options with an exceptionally competitive interest rate, well below prevailing market rates. This presents a rare opportunity to acquire a beautifully renovated starter hotel with highly advantageous financing terms, making it an ideal investment for first-time hotel owners or seasoned investors seeking a strategic acquisition.
Prime Location & Visibility: Positioned on the frontage of US HWY 6 and I-76, ensuring high exposure to highway travelers and local traffic.
Complete 2024 Remodel: Fully updated property with modernized accommodations and amenities, enhancing guest experience and revenue potential.
Absentee Ownership Model: Currently operated with an on-site manager, offering flexibility for passive or hands-on investors.
Turn-Key Business: Sale includes all FFE, an established customer base, and trained staff for a smooth transition.
Strong Traffic & Demand Drivers: High demand from business travelers, tourists, and long-term guests in a growing market.
Proven Operating History: Established in 1973 with a track record of consistent operations and recent capital improvements.
Seller Support & Training: Two weeks of hands-on training provided to ensure a successful transition.
Exclusive Seller Financing: The seller is offering highly attractive financing with an interest rate significantly below market standards, creating an unparalleled opportunity to acquire a starter hotel with exceptional affordability and long-term profitability.
This fully renovated property presents an outstanding opportunity for investors looking to acquire a profitable hospitality asset in a prime location with unmatched financing terms.
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