Hotels for Sale

Hyatt House Colorado Springs, CO

Address:
Colorado Springs, Colorado
Description:
  • Fee simple interest in the 2000 build, 125-Room Hyatt House offered at a substantial discount to replacement cost
  • Available unencumbered of debt with the ability to retain the Hyatt House flag for a new long-term license
  • Approximately $2MM (~$16K per key) of recent renovations that include the lobby, meeting rooms, public restrooms, corridors, guestroom soft goods, and new H bar installation
  • T12 GOP has increased 60% over year-end 2015 with an additional budgeted 13% gain projected for 2018
  • Situated off exit 148 on I-25 fronting Rockrimmon Boulevard with upwards of 136,000 cars passing daily
  • Ideally located within the area’s fastest growing neighborhood near the campus of the University of Colorado at Colorado Springs (UCCS) and the expansive 365-acre Hewlett Packard corporate campus development
  • Proximate to downtown Colorado Springs and all broader regional demand including the US Air Force Academy, Northrop Grumman, Penrose Hospital, the Garden of the Gods National Park, and the US Olympic Complex
  • Strong employment growth within the government, aerospace, education and leisure sectors has driven a current unemployment rate of only ~2.5% and an anticipated population boom of 60% by 2050 for Colorado Springs and broader El Paso County

Listing Agents

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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