96-Room Rodeway Inn
For Sale
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3015 8th Ave, Evans, CO 80620
96-room hotel at the junction of Highways 34 and 85, with reported 65%+ occupancy in early 2020.
Property SizeContact for details
Days on Market123
Property Features for 3015 8th Ave
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
Hotel Brokers America, LLC
Listed By:
Neville Rustomjee · License #WY RE-13688
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hotel Brokers America, LLC
Investment Insights
Based on property information with market context.
This Rodeway Inn hotel offers 96 rooms. The property was operated by a third-party management company for most of 2017, 2018, and 2019, and that management was terminated in October 2019. The hotel is currently run by a general manager who has been with the property for many years, and the seller states a buyer can continue to oversee the general manager remotely.
The hotel is located at the junction of Highways 34 and 85, positioned to serve regional travel demand.
According to the provided remarks, occupancy for the first nine months of 2020 was over 65%, and the hotel reportedly produced positive cash flow despite COVID-19. The remarks also reference local population growth drivers for increased demand over time.
The hotel is located at the junction of Highways 34 and 85, positioned to serve regional travel demand.
According to the provided remarks, occupancy for the first nine months of 2020 was over 65%, and the hotel reportedly produced positive cash flow despite COVID-19. The remarks also reference local population growth drivers for increased demand over time.
Key Highlights
- 96‑room Rodeway Inn located at the junction of Highways 34 and 85
- Reported occupancy over 65% for the first nine months of 2020
- Hotel previously managed by a 3rd‑party management company for most of 2017–2019; that management ended in October 2019
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 80620, CO
20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 96-room hotel at the junction of Highways 34 and 85, with reported 65%+ occupancy in early 2020.
Where is this hotel located?
The property is located at 3015 8th Ave Evans, CO.
What are key features of this property?
This property features: 96‑room Rodeway Inn located at the junction of Highways 34 and 85; Reported occupancy over 65% for the first nine months of 2020; Hotel previously managed by a 3rd‑party management company for most of 2017–2019; that management ended in October 2019
