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1702 E Main St, Montrose, CO, 81401

Red Arrow Inn & Suites, A Travelodge By Wyndham

$3,850,000

Key Information

Cap Rate
13%
$ per SF
$105
Tot. SF
36,566
Lot Size
3 Acres
Units
58
Year Built
1956/ 2025 (R)
Type
Hospitality
NOI
$490,000

Highlights

• NOI Growth Through RV Expansion : Opportunity to increase revenue and profitability through the development of an additional 23 RV pad units, enhancing the property’s diversified income base.
• Growing Room Revenue : Year-to-date room revenue is up 14% over 2025, reflecting strong market momentum and continued top line growth.
• High In-Place NOI : The asset benefits from strong existing cash flow, supported by stable operations and consistent year round demand.
• Outdoor Recreation & Tourism Demand : Montrose benefits from Black Canyon of the Gunnison National Park, Telluride and Ouray winter overflow, and extensive outdoor recreation including hiking, fishing, and San Juan Mountain tourism that drives robust seasonal and shoulder season visitation.
• Major Employers & Workforce Demand : Montrose Regional Airport (MTJ), Montrose Memorial Hospital, Colorado Mesa University, government activity, and steady contractor and utility crew presence provide reliable year round institutional and workforce lodging demand.
• Comprehensive Guest Amenities : The hotel offers private balconies across all 58 rooms, an onsite fitness center, guest laundry, continental breakfast, a sundries shop, and well maintained common areas that enhance guest satisfaction and length of stay.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203