Listed by JDS Real Estate Services, Inc., Tammen Hospitality Partners
$7,900,000
Quality Inn & Suites Garden Of The Gods
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 68,215
Keys 124
Brand/Tenant Quality Inn
Year Built 1985
Stories 4
Acreage 2.900
Zoning C-6
Parking Spaces 1.14 per key
Repositioning Opportunity - Multiple Conversion Flags Available
Marketing description
- Garden of the Gods – Located less than 2 miles from the property, providing immediate access to one of Colorado Springs’ most recognizable natural landmarks.
- United States Air Force Academy – Approximately 6 miles from the property, offering convenient access to a major institutional hub in the region.
- University of Colorado Colorado Springs – Situated within 5 miles of the property, allowing for easy access to a major higher education campus.
- Interstate 25 – The property is positioned directly off Interstate 25, a primary north-south transportation corridor.
- UCHealth Memorial Hospital Central – Located approximately 6 miles from the property, providing proximity to a major regional healthcare facility.
- Pikes Peak – Situated within 15 miles, offering convenient access to one of Colorado’s most prominent natural attractions.
Investment highlights
- Click Here to View Virtual Tour & Due Diligence
- 3.1 RRM
- Stabilized 10% Cap Rate
- 4 Story Interior Corridor
- Minimal to No Transfer-of-Ownership PIP
- Repositioning Opportunity - Multiple Conversion Flags Available
- City Express by Marriott & Holiday or Garner by IHG
- $20 RevPAR Increase to Upper Midscale
- $68.5k per Key – Under Replacement Cost
- Currently Operated by 3rd Party Independent Management Company
- Full PIP Completed 2021
Listing Contacts
Listed by JDS Real Estate Services, Inc., Tammen Hospitality Partners
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