555 Garden Of The Gods Rd
- 3.3 RRM
- Stabilized 10% Cap Rate
- 4 Story Interior Corridor
- Repositioning Opportunity - Multiple Conversion Flags Available - Including City Express by Marriott
- $20 RevPAR Increase to Upper Midscale
- $65,000 per Key – Under Replacement Cost
- Value Add Opportunity - Currently Operated by 3rd Party Independent Management Company
- Full PIP Completed 2021
Property Description
Invest in the future of hospitality with 555 Garden Of The Gods Rd. This prime property, boasting 124 units, is an ideal opportunity for the savvy investor. Built in 1985 and thoughtfully renovated, it offers modern amenities while preserving its classic charm. Zoned C-6 and situated in the vibrant Colorado Springs area, it's perfectly positioned for success. With its desirable location and potential for growth, this property promises a lucrative return on investment for the forward-thinking hospitality or full-service investor.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $8,500,000 |
| No. of Units: | 124 |
| Year Built: | 1985 |
| Lot Size: | 2.90 Acres |
| Opportunity Zone: | No |
| Price per unit: | $68,548 |
| Property Website | Click Here |
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