This document summarizes the listing of a 55-unit Days Inn & Suites hotel in Trinidad, Colorado that is for sale for $3,800,000. The hotel sits on 4.6 acres with 100 parking spaces and was recently upgraded with renovations over the past 3-5 years. It is located off of Interstate 25 with direct access from the highway and is near the downtown area, state recreation area, and other demand generators. Financial information shows the hotel generates over $1.1 million in annual revenue with a 67% occupancy rate.
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$3,800,000
$69,060/unit
55 Units
Days Inn & Suites Hotel For Sale
November 2016
900 W. Adams
Street
Trinidad, CO
81082
100 parking spaces on 4.6 acres
Highly visible signage from I 25
Direct access from Interstate off ramp
Indoor spa and outdoor pool, business center
Recent upgrades, including carpets or laminate
flooring, flat screen televisions, A/C units, boiler,
mattresses within past 3 to 5 years.
Excellent quality owner’s apartment, meeting rooms,
full kitchen
Minimal PIP anticipated, 97 QA score
Excellent property for family business, or franchise
hotel investor.
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November 2016 Days Inn & Suites Hotel for Sale
……Excellent Trinidad Location
This property represents a unique opportunity for an
owner operator or seasoned hotel investor to own a
quality asset in Trinidad Colorado. Trinidad is a
historic border town, located 13 miles north of the
New Mexico State Line. Trinidad is a desirable
community with a low cost of living, and mild climate.
The hotel is located in close proximity to several key
demand generators.
1. Interstate 25 – adjacent to hotel, 15,700 VPD.
2. Trinidad State Recreation Area ‐4 miles west.
3. Historic Downtown Trinidad– 0.5 miles north
4. World’s first marijuana mall –0.5 miles north A
total of 20 dispensaries in Trinidad.
5. Mt. San Rafael Hospital‐1.5 miles north, 25 bed
critical access facility
6. Perry Stokes Airport ‐11 miles, 2 runways, new
runway and terminal reconstruction/renovation
underway.
DEMOGRAPHICS
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6
1
4
2
5
Radius 1 mile 3 mile
Median household income: $36,323 $36,838
Average household income $49,021 $50,465
Median age (yrs.) 42.0 41.5
Owner Occupied Housing 56.3% 61.2%
Renter Occupied Housing 43.7% 38.8%
Population: 3,585 9,293
Households: 1,499 3,872
City of Trinidad Population: 8,193
Las Animas County Pop: 15,507
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November 2016 Days Inn & Suites Hotel for Sale
Purchase & Sale
Options:
Hotel: $3,800,000 USD
*Franchise subject to approval by
Wyndham Hotels. May be subject to PIP
requirements in effect for Days Inn &
Suites at the time of sale. Broker does
not warrant accuracy of financial
information, or physical condition of the
hotel.
For a showing or further information please contact:
Alex Kovacs, CCIM, Associate Broker
Brokers Guild Classic
7995 E. Hampden Avenue,
#150, Denver, CO 80231
AkKovacs75@gmail.com 303‐514‐7076
Broker co‐op‐Yes CA agreement for financials
This property represents a well‐located franchise hotel in
Trinidad, Colorado. This hotel has excellent access via a
northbound I‐25 ramp, and unparalleled westerly mountain vistas.
The hotel is located approximately one half mile south of
downtown Trinidad. The property is well maintained, and offers a
turnkey operation to a qualified franchise operator. The
investment is ideal for a family run business, or seasoned franchise
hotel operator. Trinidad is a Colorado border town and has
excellent drive by traffic along heavily traveled I 25 15,700 VPD .
Hotel occupancies have increased dramatically over the past two
years, in part due to the improved local and regional economy, and
in part to increased marijuana tourism. Gross revenues are
currently over $1.1 million, and have increased approximately
23% over 2015 YTD numbers. The hotel has been extensively
renovated, and has a current QA score of 97. Current ADR is
approximately $90.00, with 67% occupancy. Financial information
is available with the signing of a Confidentiality agreement.