Baymont Inn & Suites Limon 2505 6th St Services hôteliers 50 chambres 2 185 776 € (43 716 €/Chambre) Taux de capitalisation 14,39 % Limon, CO 80828

Incredible investment opportunity for hotel owner/operator at an extremely discounted price. Originally purchased for $2.9M in October of 2019. Currently listed for less than 3 times projected revenue. This property when performing at its relevant capacity should fetch a 3.5-3.8 times multiple of revenue upon exit.
This property has extremely underperformed as a result of lack of capital to have all rentable rooms online .Over the last 3 years the average room count online has been 32 of the 48 rentable rooms. The hotel has rented 65% of rooms online which is what the average is for comparable hotels in Limon, CO. The shortfall of revenue is due to a lack of approximately 16 rooms being offline.
This property should consistently create revenue in the $800k-$900k annual range and has exceeded these targets in its prime years. $841k and $1.014M.
The Baymont is only 1 of 2 Wyndham properties in Limon, CO previously there were two others-Microtel which transitioned to a Best Western and Super 8 which has permanently closed down. These facts lend themselves to 2025 and forward providing the springboard to a greater opportunity than over the last 5 years with a reduction in room count in Limon and fewer Wyndham properties to compete within the Wyndham Rewards program.
Owner is open to outright purchase or staggered investment starting with $200k in initial investment, $100k to be used initially for room and property improvement and $100k for operating capital. Owner can be flexible in terms. Investor will be required to be added as a guarantor on the $2.2M SBA loan or can provide alternative funding if preferred. Owner is very motivated to bring in an owner/operator and plans to move quickly on this transaction.
This property is for sale by owner.