1. p
$3,300,000
$57,894/unit
57 Units
Super 8 Hotel For Sale
October 2016
2505 Main Street
Alamosa, CO
81101
• 51 parking spaces on 0.98 acres
• Highly visible signage from U.S. Highway 160
• “Pride of Super 8” Designation-95% QA Report
• Indoor pool and business center.
• Recent upgrades, including carpets, flat screen
televisions, case goods, windows, parking lot re
paving and sidewalks within past 3 to 5 years.
• Manager Apartment.
• 16 years remaining on Choice franchise
• Excellent property for family business, or franchise
hotel investor.
Continued on page 2
2. 2
May 2016 Econolodge Hotel for Sale
……Excellent Alamosa Location
This property represents a unique opportunity for an
owner operator or seasoned hotel investor to own a
quality asset in Alamosa Colorado. Alamosa is a
desirable family community with a low cost of living,
and mild climate. The hotel is located in close
proximity to several key demand generators.
1. CR 17 – 2 miles east, 3,900 VPD.
2. U.S. Highway 160-15,100 VPD
3. U.S.Highway 285-1.25 miles east, 14,000 VPD
4. Great Sand Dunes National Park-22 miles;
300,000 annual visitors
5. Wolf Creek Ski Area – 60 miles, 1,600 skiable
acres
6. Adams State College 3,700 students enrolled.
DEMOGRAPHICS
DEMOGRAPHICS:
2
6
1
4
3
5
Radius 1 mile 3 mile
Median household income: $37,946 $34,129
Average household income $54,628 $47,552
Median age (yrs.) 30.5 30.6
Owner Occupied Housing 45.4% 49.2%
Renter Occupied Housing 54.6% 50.8%
Population: 4,343 11,921
Households: 1,525 4,405
City of Alamosa Population: 8,780
County of Alamosa Population 15,445
3. 3
May 2016 Econolodge Hotel for Sale
Purchase & Sale
Options:
Hotel: $3,300,000 USD
Seller financing Not Available
*Franchise subject to approval by
Choice Hotels International. May be
subject to PIP requirements in effect for
Super 8 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
Alamosa, Colorado. It is one of only two Wyndham franchise hotels
in Alamosa (Rodeway Inn is the second).It is located near
numerous restaurants, shopping, and Wal Mart. The hotel is well
maintained, and offers a turnkey operation to a qualified franchise
operator. PIP requirements are estimated to be minimal, as this
hotel is a “Pride of Super 8” property. This hotel is ideal for a family
run business, or seasoned franchise hotel operator. There are
numerous nearby demand generators, including drive by traffic
along heavily traveled U.S. Highway 160 (15,100 VPD). Tourist
traffic generators are the Sand Dunes National Park, Wolf Creek,
and the Rio Grande scenic tourist trains. Corporate demand is
driven by the hospital and Adams State College. The subject
outperforms the competitive set occupancy by about 8 percentage
points. Hotel is priced at approximately 3 times gross on current
annualized income. Full financial history is available with signing
of a Confidentiality agreement.
Conclusion: