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BANK-OWNED HOTEL | VALUE-ADD OPPORTUNITY 4005 N Elizabeth St 115 Room Hotel Pueblo, CO 81008 $4,405,813 CAD ($38,311 CAD/Room)
Investment Highlights
- Bank-Owned | Receivership Sale | Value-Add Opportunity
- Prime I-25 & Highway 50 Location with Excellent Visibility
- Restaurant, Bar, Meeting Space, Indoor Pool & Fitness Area Included
- Large Full-Service Layout with Amenities
- Significant Upside Through Renovation and Rebranding
- Zoned B-4 Allowing Flexible Commercial and Lodging Uses
Executive Summary
1 of 2 hotels in portfolio on the same lot. 115-room Budget Inn (former Clarion Hotel) located just off I-25 and US Highway 50 in Pueblo’s primary retail and lodging corridor.
The property is bank-owned and being sold through receivership, presenting a rare opportunity to acquire a well-located hotel asset at a basis significantly below replacement cost. The hotel is currently non-operational and ready for repositioning.
The property consists of approximately 74,880 square feet and is situated on a portion of a 5.39-acre site with ample parking and strong access from North Elizabeth Street. The building includes a large lobby, restaurant and lounge space, meeting rooms, indoor pool and jacuzzi, fitness area, and guest laundry. These existing amenities provide a strong foundation for reopening as a limited-service or select-service hotel.
The property is bank-owned and being sold through receivership, presenting a rare opportunity to acquire a well-located hotel asset at a basis significantly below replacement cost. The hotel is currently non-operational and ready for repositioning.
The property consists of approximately 74,880 square feet and is situated on a portion of a 5.39-acre site with ample parking and strong access from North Elizabeth Street. The building includes a large lobby, restaurant and lounge space, meeting rooms, indoor pool and jacuzzi, fitness area, and guest laundry. These existing amenities provide a strong foundation for reopening as a limited-service or select-service hotel.
Property Facts
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $140.70 CAD | - |
| Guest Room | 113 | $117.96 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0-5-13-0-62-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,020,348 CAD |
Property Taxes
Parcel Number
0-5-13-0-62-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,020,348 CAD
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BANK-OWNED HOTEL | VALUE-ADD OPPORTUNITY | 4005 N Elizabeth St
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