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.
