Interstate I-25 location in Colorado Springs,near the airport with attractions such as Garden of the Gods & Pikes Peak! The hotel is significantly under-performing its compset, being 50% less in occupancy, $30 less in ADR and 50% less in RevPar. Attractively priced at less than $20K per key, and still with solid NOI!

Executive Summary

The Knights Inn, located directly off of I-25, is located in Colorado Springs, CO.  I -25 is an extremely busy north-south corridor paralleling the front range of the Rockies and Colorado Springs is the #1 tourist city in the state.  The hotel is conveniently located near the Colorado Springs Airport.  Top tourist attractions include Garden of the Gods, Pikes Peak, the Air Force Academy, World Arena, Cheyenne Mountain Zoo, Seven Falls and the US Oylmpic Training Center.

The hotel features amenities that include an outdoor seasonal pool, fitness room, wireless internet connection and a complimentary breakfast. There is also ample parking space for trucks, buses and RV’s.

This hotel investment features many attributes that will attract interest.   First, it is priced right at less than $20K/ key.  Additionally, it cash flows.  Due to the number of guest rooms at this property a new owner could increase sales by increasing the marketing efforts towards groups and bus tour companies. Or, the property could be split into a dual use product.  In spite of the online reviews, this hotel creates cash flow, which is testimony to the strength of the market.  There is upside in the offering, by improving the facility and the marketing efforts to support it.

Property Details

Address
2850 Circle Drive South, Colorado Springs, CO 80906
Price
$3,500,000 
Rooms
176 
Price Per Key
$19,886 
Property Type
Limited Service 
Revenue
Call for CA 
Website
 

Hotel Description

  • I-25 Interstate location
  • HSIA
  • Outdoor Seasonal Pool
  • Fitness Center
  • Guest Laundry
  • Ample Bus & Truck Parking

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771
Dave Jones Headshot

Dave Jones

KS
Phone: 913-499-4725