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2210 Highway 6&50, Unit Lot 3, Grand Junction, CO 81505

$6,700,000.00
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Featured Listing Active
MLS#20225444
STATUSActive PROPERTY TYPECommercial - Retail

Property Description

Red Roof Inn is a strategically located, profitable, and established Motel off Highway 6&50 and I-70. The site is located between the City of Grand Junction and Fruita. The Red Roof Inn offers lodging and dining within a 5-mile radius of Fruita and a 2-mile radius of Grand Junction. Directly East of the property is the Travel Center of America which is a positive attribute for both business and transient guests. The Red Roof Inn has strong growth year over year, a recognized social media presence, and an established accounting system. Seller owns the hotel management company. Seller is willing to manage separately or transition support for 30 days. 2021 Revenue $1.7 Million 2022 Oct YTD Revenue $2,064,442 Average Occupancy Rate: 90% 100 Rooms ADR - $70-80 Growth Rate 18% Year Renovated 2018 & 2019 Ranked Number one in Occupancy both locally and statewide for economy class. Ranked Number one in RevPar both locally and stateside for economy class. Franchise Fee - 8% Net Seller is willing to give unencumbered Red Roof Franchise. No PIP Dues - Pip Completed July 8, 2021, 120 days Validity.

Property Features

Property Type: Commercial - Retail
Days on Market: 100
Taxes: $36,943

Feature Descriptions

Lot Dimensions: Irregular
Use (Possible): Hotel/Motel, Restaurant
Zoning: C-2

Listed By / Shown By

Listed By

Agency Name: BRAY/COMMERCIAL
Agent Name: KATIE DAVIS
Agency Phone: 970-241-2909


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Co-Listed By

Agency Name: BRAY/COMMERCIAL
Agency Phone: (970) 986-0446
Agent Name: Brian Bray

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