LA QUINTA INN & SUITES BY WYNDHAM CASTLE ROCK

63-Room Branded Hotel Acquisition Opportunity
List Price: 

$6,350,000

Address: 
884 Park Street

City:

State:

Contact: 
Jim Nelms http://ushoteladvisors.com/personnel/james-h-nelms
Email: 
jim@nelmshospitality.com

 

The La Quinta Inn & Suites by Wyndham Castle Rock is physically in the first tier among its competitive set.  The Hotel opened as a prototype Holiday Express in 1998 and operated with success until the combined effect of depressed market demand in 2009, and severe deferred maintenance rendered the Property increasingly less competitive, which ultimately led to the loss of the Holiday Inn Express brand.  The present owner purchased the asset in 2013 as a value-add opportunity following a major refurbishment PIP in 2014.  It is now a solid 3 star quality motor inn.