JUST LISTED

Quality Inn & Suites Craig

Craig, Colorado

List Price

$7,500,000

The Offering

Investment Highlights

Priced at 3x Revenue, 11.3% in-place cap rate

Nearby Destinations: Steamboat Springs Ski Resort, Dinosaur National Monument, Medicine Bow-Routt National Forests, Yampa River State Park

Room revenue has averaged $2.9m+ the last 4 years

$2 Billion Pumped-Hydropower Development project coming to Craig

Craig is known as the “Elk Hunting Capital of the World”

25 mi from Yampa Valley Regional Airport (HDN) – Gateway to Steamboat Springs

Room Matrix

King - 68

King ADA - 5

Double Bed - 60

Double Bed ADA - 1

Double Bed Suite - 10

King Suite - 8

_____________________

Total Rooms - 152

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Team

Mike Knall

Associate Director Investments

SA690247000

C: (214) 500-4295
O: (602) 687-6707

Michael.Knall@Marcusmillichap.com

Jay Arora

Associate

UT 7212047-SA00

C: (208) 557-4243

jay.arora@marcusmillichap.com

Josh Tammen

Senior Vice President

SA660169000

C: (480) 567-6853

Jtammen@alchemyrea.com

Adam Lewis

Broker of Record

Marcus and Millichap

Lic #: RE-16571(WY), ER.100091205 (CO), DB54599 (ID)

(303) 328-2000

Adam.Lewis@marcusmillichap.com