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Red Arrow Inn & Suites, A Travelodge 1702 E Main St 57 Room Hotel Montrose, CO 81401 $5,471,735 CAD ($95,995 CAD/Room) 12.73% Cap Rate
Investment Highlights
- Opportunity to add 23 RV pad units, enhancing the property's diversified income base.
- Strong existing cash flow supported by stable operations and consistent year round demand.
- Montrose Regional Airport, Montrose Memorial Hospital, and Colorado Mesa University drive demand.
- Year-to-date room revenue is up 14% over 2025, reflecting strong market momentum.
- Driven by Black Canyon of the Gunnison National Park and Telluride and Ouray winter overflow.
- Private balconies across all 58 rooms, fitness center, guest laundry, and continental breakfast.
Executive Summary
Broker Of Record
Brayden Conner
Matthews Real Estate Investment Services, Inc
ER.100106933, EC.100099522 (CO)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Brayden Conner
Matthews Real Estate Investment Services, Inc
ER.100106933, EC.100099522 (CO)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
| Price | $5,471,735 CAD | Building Size | 36,566 SF |
| Price Per Room | $95,995 CAD | No. Rooms | 57 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 12.73% | Year Built/Renovated | 1956/2025 |
| Property Type | Hospitality | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.81 AC | ||
| Zoning | B2 - Highway Commercial | ||
| Price | $5,471,735 CAD |
| Price Per Room | $95,995 CAD |
| Sale Type | Investment |
| Cap Rate | 12.73% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.81 AC |
| Building Size | 36,566 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2025 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B2 - Highway Commercial |
Amenities
- Business Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $92.38 CAD | - |
| Guest Room | 53 | $81.01 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R0650508 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,061,119 CAD |
Property Taxes
Parcel Number
R0650508
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,061,119 CAD
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Red Arrow Inn & Suites, A Travelodge | 1702 E Main St
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