« Rodeway Inn  | 960 West US Highway 50  |  Pueblo,  Colorado  | USA

Contact Information
David Bowman, Senior Vice President
28632 Roadside Drive, Suite 206
Agoura Hills, California
USA, 91301
P: 818-851-3300 ext. 3304
W: http://www.amberhc.com/

Contact David Bowman

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Summary

The newly renovated Colorado hotel for sale is the Rodeway Inn located in Pueblo. The Rodeway Inn was acquired from Motel 6 in 2009 and the Owner has spent a lot of money and time to convert the property to the Rodeway Inn. It is finally stabilized with an uptrend in revenue. Renovations include new paint, new carpet, new pillow-top beds, 27" televisions, curved shower rods, tiled bathrooms, microwaves, refrigerators, hair dryers, ironing boards, crack-filled/sealed parking lot, new LED reader board, Wi-Fi and roof. 

The 3-story hotel has great visibility and is the only hotel in Pueblo that has an elevator on an exterior corridor hotel. 

The Rodeway Inn is operated by an absentee owner.

Financials
Year: 2010 2009 2011
Average Daily Rate:
Occupancy Percentage:
Revenue: $412,272 $148,757 $501,800
Additional Revenue:
Total Revenue:
Net Operating Income (NOI): $202,579
Hotel Amenities
Breakfast Area Available
Living Quarters Two-Bedroom, Two-Bathroom
Guest Room Amenities
Climate Control Individual HVAC
Television 27" Televisions
Microwave New
Refrigerator New
Hair Dryer New
Iron & Ironing board New

Location & Market
No map. Address not provided.

The Rodeway Inn is surrounded by all major commercial outlets including Lowe's, Alebertson's, Jack in the Box, Subway, Carl's Jr., McDonald's, Applebee's, Olive Garden, Pueblo Mall, Sam's Club and the new Noodles & Company. Colorado State University-Pueblo Campus is just down the street from the property.

Pueblo is the County Seat and the most populous city of Pueblo County, Colorado. The population was 106,595 in a 2010 Census, making it the 246th most populous city in the United States. Pueblo is situated at the confluence of the Arkansas River and Fountain Creek, 112 miles south of Denver and 43 miles south of Colorado Springs. Pueblo is the economic shopping hub for the "Pueblo Region" that spans 20 counties in southern Colorado and Northern New Mexico. Due to this, Pueblo has more retail stores, business activity, medical facilities, performing arts and recreational activities than you would normally find in a city of the same size. 

Competitive Market

  • Super 8
  • Quality Inn & Suites
  • Days Inn
  • Howard Johnson
  • Sleep Inn
  • Holiday Inn Hotel & Suites
  • EconoLodge 
Points of Interests
  • Lake Pueblo State Park
  • Historic Arkansas Riverwalk of Pueblo
  • Pueblo Convention Center
  • Colorado State University - Pueblo Campus
  • Pueblo Motorsports Park and I-25 Speedway