EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING
QUALITY SUITES / CLARION HOTEL & CONFERENCE CENTER
§ 148 Combined Room, Interior Corridor, Dual Choice Branded, Hotel& Conference Center
§ Priced at 2.88 Times the June 2018 T-12 Combined Year-End RoomRevenues
§ Offered at a 10.9% Cap Rate with an Approximate 23% Cash-On-Cash Return
§ Excellent Location Directly off Interstate-25 with Highly VisibleCorner Lot
§ Continued Year-Over-Year RevPAR Growth in Colorado Springs
§ Ample Banquet and Conference Space that Caters to Regional andNational Groups
INVESTMENT HIGHLIGHTS
OFFERING SUMMARYPrice
Down Payment
Loan Amount
Loan Type
Interest Rate / Amortization
Number of Rooms
Price/Room
Ownership Type
Year Built
Lot Size
$8,500,000
20% / $1,700,000
$6,800,000
Proposed New
6.00% / 25 Years
148
$57,432
Fee Simple
1972
3.2 acre(s)
ASSET PERFORMANCE DATA
CURRENT YEAR 1
CAP Rate 10.87% 11.71%
Room Revenue Multiplier 2.89 2.70
Occupancy 48.00% 51.00%
ADR $112.63 $114.88
Rev PAR $54.06 $58.59
Room Revenue $2,943,098 $3,152,056
F & B Revenue $14,050 $14,900
Total Revenue $2,977,825 $3,187,841
Total Expenses $1,845,488 $1,969,410
Net Operating Income $923,890 $995,282
Net Cash Flow After Debt Service $398,140 $469,532
Total Return 30.54% / $519,183 34.74% / $590,574
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0050084 Property ID: 1400283)
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
QUALITY SUITES / CLARION HOTEL & CONFERENCE CENTER
MARKET COMPETITORS
HOTEL/MOTEL ADDRESSNUMBER OF
ROOMSOPEN DATE
MILES TO SUBJECT
La Quinta Inn 7 Suites Colorado Springs Garden
4385 Sinton Rd,Colorado Springs, CO 80907
105 11/1985 4.0
Knights Inn colorado springs Central
2409 E Pikes Peak Ave,Colorado Springs, CO 80909
106 06/1965 2.5
Quality Inn South Colorado Springs
1410 Harrison Rd,Colorado Springs, CO 80905
111 10/1985 3.3
Best Western Executive Inn & Suites
1851 N Interstate 35 Frontage Rd,Colorado Springs, CO 80906
84 06/1981 5.6
Quality Inn & Suites Garden of the Gods
555 Garden Of The Gods Rd,Colorado Springs, CO 80907
124 05/1986 4.0
SUBJECT PROPERTY 2015 2016 2017 T-12 June
2018 Year 1 Year 2 Year 3 Year 4 Year 5
Occupancy 47.59% 57.66% 56.04% 48.37% 50.79% 51.81% 52.84% 53.90% 54.98%
% Change 0.00% 21.16% -2.81% -13.68% 5.00% 2.00% 2.00% 2.00% 2.00%
Average Daily Rate $84.26 $86.99 $98.82 $112.63 $114.88 $117.18 $119.52 $121.91 $124.35
% Change 0.00% 3.24% 13.60% 13.97% 2.00% 2.00% 2.00% 2.00% 2.00%
Rev PAR $40.10 $50.16 $55.38 $54.48 $58.35 $60.71 $63.16 $65.71 $68.37
% Change 0.00% 25.08% 10.41% -1.62% 0.00% 4.04% 4.04% 4.04% 4.04%
2015 2016 2017 T-12 June 2018
Year 1 Year 2 Year 3 Year 4 Year 5$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
0%
10%
20%
30%
40%
50%
60%
70%
Average Daily Rate ($) Rev PAR ($) Occupancy (%)
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0050084 Property ID: 1400283)
