Holiday Inn Express in Cortez, CO

Listing Agents

Hunter Johnson
T | 970.880.0621
hunter@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 100 room privately owned Holiday Inn Express in Cortez, CO
  • Upscale, premium-branded IHG asset offered unencumbered by management or debt at a discount to replacement cost
  • Ability to retain the IHG flag for a new long-term license upon completion of the change of ownership PIP
  • Strong post-covid performance with a $79+ RevPAR in 2021 and $84+ RevPAR as of August 2022
  • Total lodging revenue up over 10% in 2022 from 2021
  • Cortez serves Mesa Verde National Park which brings in almost 600k people to the market every year
  • Major destination hub for youth sports
  • Along HWY 160 which is the primary entrance to southern Colorado
  • Operational upside to run property more efficiently
  • You may submit a letter of intent here
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