3975 Peralta Dr Loveland, CO 80538
- Hotels
- 1.63 lot acres
Current Use by Public Records
- My Place Hotel - Loveland, CO / Hotel / Convenience Store
Property Details for 3975 Peralta Dr
- Year built
- 2016
- Lot size
- 1.63 lot acres
- Property type
- Hotels
- APN
- 85031-21-001
Description
This 64-key, three-story My Place Hotel in Loveland, Colorado, presents a compelling value-add investment opportunity. Located on a 1.63-acre lot at 3975 Peralta Dr, 80538, this 2016-built property boasts a prime location just off Interstate 25, offering convenient access and high visibility. The hotel features full kitchens in each room, catering to extended-stay guests. With a projected stabilized Gross Room Revenue (GRR) of $1,602,601 and Net Operating Income (NOI) of $670,321, and a pro-forma cap rate of 11.56%, this property offers significant upside potential. The asking price is $5,800,000. Loveland's robust economy, driven by major employers like Anheuser-Busch, OtterBox, and Hewlett Packard, coupled with its proximity to tourist destinations such as Estes Park and Rocky Mountain National Park, ensures strong demand. The city's consistent growth, exceeding 1% annually, and Colorado's population increase of 1.2% per year further support the long-term profitability of this investment. The current RevPAR index of 68.7% indicates substantial room for growth. This property is zoned for hotel use and offers a significant return on investment for the savvy buyer.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loveland
- County
- Larimer
- State
- Colorado
- Longitude
- -104.9908667
- Latitude
- 40.4342218
