Quality Inn South Colorado Springs

1410 Harrison Rd, Colorado Springs, CO 80905
$7,900,000 Price
9.3% 2025 Cap Rate
111 Total Rooms
12% 2025 Cash on Cash Rate
$71,171 Price Per Key
$731,981 2025 NOI

Investment Highlights

  • 111 Keys | Interior Corridor | 3 Stories | 2.13 Acre Site: Well-maintained midscale hotel strategically positioned along the I-25 corridor with direct access to Fort Carson, Downtown Colorado Springs, and the area's strongest lodging demand generators
  • Value-Add Rebranding Opportunity: The property presents an immediate opportunity to convert to a stronger flag. A new brand has expressed interest in this location and is prepared to offer key money to assist with the PIP, providing a clear path to higher ADR and RevPAR under a renovated, flag-compliant product.
  • Strong In-Place Cash Flow with Attractive Going-In Yield: Offered at a 9.3% 2025 Cap Rate with projected 13.7% Cash-on-Cash Return and approximately $773K in 2025 NOI, providing immediate income while executing a value-add strategy
  • Proven Operational Momentum with Additional Upside Remaining: Occupancy increased from 50.7% in 2024 to 57.7% in 2025, demonstrating improving performance while still leaving room for further gains through active ownership and revenue management
  • Located in One of Colorado's Strongest Lodging Markets: Benefits from year-round demand generated by Fort Carson, Peterson Space Force Base, aerospace and defense employers, healthcare institutions, and major tourism attractions, while also capturing demand from concerts, sporting events, conventions, and other live entertainment events held throughout the Colorado Springs market

Key Location Drivers

  • Broadmoor Towne Center (0.5 mi): Neighborhood retail center with grocery, dining, and essential services supporting extended-stay and transient demand.
  • Fort Carson (2.5 mi): Major U.S. Army installation with over 25,000 personnel, driving consistent government and contractor lodging demand.
  • Downtown Colorado Springs (4.5 mi): Central business district with corporate offices, government buildings, restaurants, and entertainment venues.
  • Cheyenne Mountain Zoo (5.5 mi): One of the highest-rated zoos in the country, attracting strong family tourism year-round.
  • The Broadmoor Resort (6 mi): World-renowned luxury resort and conference destination generating high-end visitor traffic.
  • Garden of the Gods (7 mi): Iconic natural landmark drawing millions of visitors annually.
  • Colorado Springs Airport (8 mi): Regional airport supporting both business and leisure travel demand.
  • U.S. Air Force Academy (14 mi): Major national attraction and institutional demand driver.
  • Pikes Peak (30 mi): One of Colorado’s most visited destinations, supporting year-round tourism and outdoor recreation.

Primary Industries Supporting Lodging Demand

  • Military & Government: Fort Carson, Peterson Space Force Base, and Schriever Space Force Base provide consistent year-round lodging demand.
  • Aerospace & Defense: Major employers include Lockheed Martin, Boeing, Northrop Grumman, and Raytheon, driving corporate travel.
  • Healthcare: UCHealth Memorial Hospital and Penrose-St. Francis Health Services generate steady medical-related demand.
  • Tourism & Recreation: Pikes Peak, Garden of the Gods, and Cheyenne Mountain Zoo attract millions of visitors annually.
  • Technology & Business Services: A growing tech presence continues to diversify the local economy and increase corporate lodging demand.

Location & Neighborhood

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