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TBD Confidential

Out Of Area, CO 89999
  • $6,800,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 20225444
UPDATED: 24 min ago
$6,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Franchised Hotel, Recognized, High Visibility, High Traffic, and located in 65K population with Airport. Investment has strong growth year over year, recognized social media presence, and established accounting system. Year renovated: 2018/2019. Projected Growth: 18%, 2021 revenue $1,700,000. Projected 2022 revenue: $1,200,000. 2022 Projected NOI $790,000, Cap Rate of 11%, RRM: 3.25 Seller owns hotel management company, Seller is willing to manage separately or transition support for 30 days

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© 2022 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Ritter | RE/MAX 4000. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Ritter | RE/MAX 4000. Data last updated 2022-12-04T17:17:16.38 UTC.

www.michelleritter.com/homes/134092736
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TBD Confidential Out Of Area, CO 89999

  • Price: $6,800,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 24 min ago
  • MLS #: 20225444
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Other Area
Area:
Other Area
Property Description
Franchised Hotel, Recognized, High Visibility, High Traffic, and located in 65K population with Airport. Investment has strong growth year over year, recognized social media presence, and established accounting system. Year renovated: 2018/2019. Projected Growth: 18%, 2021 revenue $1,700,000. Projected 2022 revenue: $1,200,000. 2022 Projected NOI $790,000, Cap Rate of 11%, RRM: 3.25 Seller owns hotel management company, Seller is willing to manage separately or transition support for 30 days
Exterior Features

Lot Size Dimensions Irregular

Property Features

Possible Use Hotel/MotelRestaurant Property Sub Type Building Tax Annual Amount 999999 Zoning Description C-2

Listing courtesy of Katie Davis of Bray/Commercial: 970-241-2909.
© 2022 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Ritter | RE/MAX 4000. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Ritter | RE/MAX 4000. Data last updated 2022-12-04T17:17:16.38 UTC.

 
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Michelle Ritter | RE/MAX 4000
120 W Park Drive, Suite 200
Grand Junction CO, 81505