For Sale
$9,800,000

102 Mccormick PkwyCañon City, CO 81212

Profitable Hilton Hotel, near Royal Gorge

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Hampton Inn by Hilton franchise.
  • 64 guest rooms.
  • Top performer in its competitive set.
  • Complimentary breakfast included in room rate.
  • Conveniently located near Royal Gorge Bridge and Park.
  • Features a heated indoor pool and spa.

Property Details for 102 Mccormick Pkwy

Property type
Hospitality properties, Hotels
Square Feet
25,000 SF
Year Built
2008
Buildings
1
Stories
3
Lot Size (sq. ft)
77,537 SF

Location Insight

City
Cañon City
County
Fremont
State
Colorado
Latitude
38.44731715552
Longitude
-105.18697960491
102 Mccormick Pkwy, Cañon City, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
102 Mccormick Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message