102 Mccormick Pkwy Canon City, CO 81212-9292

This exceptional 64-key Hampton Inn, a Hilton brand subsidiary, is offered at $9,800,000. Boasting a 67.2% occupancy rate and a commanding #1 position within its competitive set, this three-story, 25,000 square foot hotel presents a compelling investment opportunity. Built in 2008 on a 1.78-acre lot in Canon City, Colorado (APN: 000099926524), the property features a range of amenities including a free breakfast, fitness center, indoor heated pool and spa, Wi-Fi, banquet/meeting room, and a boardroom. Its strategic location near the Royal Gorge, a major Colorado tourist attraction, ensures consistent high demand. The $392 per square foot price reflects the property's strong performance and potential. The hotel's 64 keys are priced at $153,125 each. Further expansion potential exists due to adjacent land suitable for more than doubling the current room count. This stabilized investment is zoned commercial and is ideally suited for a 1031 exchange. The property is located at 102 McCormick Pkwy, Canon City, CO 81212.