754 Horizon DrGrand Junction, CO 81506

Property Details for 754 Horizon Dr

Year built

1977

Construction

WOOD

Lot size

1.78 AC

Property size (Sq ft)

34,560 SF

Zone code

C-1

Property type

Hospitality properties

Property subtype

Hotels

APN

2701-361-26-026

APU

270136126026

Description

This 90-key Baymont by Wyndham hotel in Grand Junction, Colorado, presents a compelling investment opportunity. Ideally situated near Grand Junction Regional Airport and Grand Junction Speedway, with easy access from Interstate-70 and Horizon Drive, this property offers excellent visibility and convenient access for guests. Originally built in 1978 and extensively renovated in 2022 with a $1.1 million investment, the hotel benefits from the recent conversion to the Baymont brand. This upgrade provides a strong foundation for increased revenue and the ability to meet current market demands. The property is offered fee-simple and is unencumbered by management agreements, providing owners with complete control and operational flexibility. Leveraging the established Wyndham brand and its loyal customer base, this asset promises consistent cash flow and significant potential for appreciation. The hotel's location in Mesa County, at 754 Horizon Dr, Grand Junction, CO 81506 (39.1138008, -108.5343324), ensures strong occupancy rates. This is a rare chance to acquire a well-positioned, recently renovated hotel with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $7,213,994

  6.5%

  $6,659,072

  7%

  $6,183,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,527,911

  Geo Method

  $6,710,066

• Alternative Use

  Use

  Valuation

  Residential

  $7,269,772

  Hospitality

  $6,659,072

  Educational

  $5,540,270

  Medical

  $5,730,808

  Retail

  $8,618,197

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1141

Longitude

-108.534

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].