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2210 Highway 6&50 , Lot 3

Grand Junction, CO 81505
  • $6,700,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 20225444
UPDATED: 40 min ago
$6,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

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.

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© 2023 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 The Christi Reece Group. 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 The Christi Reece Group. Data last updated 2023-01-27T12:15:20.007 UTC.

www.christireece.com/homes/134092736
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2210 Highway 6&50 , Lot 3 Grand Junction, CO 81505

  • Price: $6,700,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 40 min ago
  • MLS #: 20225444
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Nw Grand Junction
County:
Mesa
Area:
Nw Grand Junction
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.
Exterior Features

Lot Size Dimensions Irregular

Property Features

Possible Use HotelmotelRestaurant Property Sub Type Building Tax Annual Amount 36943.6 Zoning Description C-2

Listing courtesy of Katie Davis of Bray/Commercial: 970-241-2909.
© 2023 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 The Christi Reece Group. 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 The Christi Reece Group. Data last updated 2023-01-27T12:15:20.007 UTC.

 
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The Christi Reece Group
1601 Riverfront Dr, Ste 103
Grand Junction CO, 81501