50-Room Limited-Service
For Sale
Contact for pricing
Pending
311 Royal Gorge Blvd, Canon City, CO 81212
Choice Hotels-branded lodging property with an indoor pool, hot tub, and dedicated breakfast area.
Property SizeContact for details
Days on Market143
Property Features for 311 Royal Gorge Blvd
General Information
Standard status
Pending
Property subtype
Hospitality
Net Operating Income
$347,000
Financials
Asking Price
$3,600,000
Gross Income
$979,000
Additional Details
Highway Access
Yes
Amenities
indoor pool
hot tub
breakfast area
Building Details
Buildings
1
Stories
2
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5302
Listed By:
Chris Gomes · License #TX 0591152
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 12:17AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This 50-room, two-story limited-service hotel operates under the Choice Hotels brand and includes an indoor pool, hot tub, and breakfast area. The property is located at 311 Royal Gorge Boulevard in Cañon City, Colorado, with access just off U.S. Highway 50.
The surrounding market combines tourism, outdoor recreation, cultural attractions, and healthcare employment. Royal Gorge Bridge, Arkansas River rafting outfitters, Royal Gorge Route Railroad, and local museums and wineries draw visitors to the area. St. Thomas More Hospital and the Fremont County Public Health Agency are both within two miles of the hotel.
For the trailing twelve-month period ended December 2022, the hotel reported a 34.1 percent net operating income margin after a four percent capital replacement reserve. The Colorado Southwest Area hotel submarket recorded twelve-month average RevPAR growth of three percent as of February.
The surrounding market combines tourism, outdoor recreation, cultural attractions, and healthcare employment. Royal Gorge Bridge, Arkansas River rafting outfitters, Royal Gorge Route Railroad, and local museums and wineries draw visitors to the area. St. Thomas More Hospital and the Fremont County Public Health Agency are both within two miles of the hotel.
For the trailing twelve-month period ended December 2022, the hotel reported a 34.1 percent net operating income margin after a four percent capital replacement reserve. The Colorado Southwest Area hotel submarket recorded twelve-month average RevPAR growth of three percent as of February.
Key Highlights
- 50‑room, two‑story hotel at 311 Royal Gorge Boulevard
- Choice Hotels‑branded property with indoor pool, hot tub, and breakfast area
- Located just off U.S. Highway 50 in Cañon City, Colorado
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 81212, CO
31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Choice Hotels-branded lodging property with an indoor pool, hot tub, and dedicated breakfast area.
Where is this hotel located?
The property is located at 311 Royal Gorge Blvd Canon City, CO.
What are key features of this property?
This property features: 50‑room, two‑story hotel at 311 Royal Gorge Boulevard; Choice Hotels‑branded property with indoor pool, hot tub, and breakfast area; Located just off U.S. Highway 50 in Cañon City, Colorado
