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Cash Flow Monster in the Rockies!

Busy 88 Room Exterior Corridor Motel right off I-70 Exit 90 in Rifle; the “Heart “ of Colorado’s Oil & Gas Country. Double Black Diamond Motel Rating with an Outdoor Pool, Sauna and Laundry. Guests like to park their Trucks outside their Rooms and walk to Restaurants, Liquor and Convenience Stores.

This Motel is a very well maintained with little or no deferred maintenance.

Asking Price / $8.2 Million Asking Price
The Revenues are strong enough using professionally accepted “Valuation Formulas” to support the Asking Price. Very strong Gross which the Seller reinvests a substantial amount back into the Motel maintenance and employees with generous benefits.

Applied Formulas-
Capitalization Rate = 8.35

Gross Revenue Multiplier = 4.2

EBITDA (2008) = $1,007,676

RevPAR = $77

The Property Asking Price is reinforced by the Valuation of the Building, Equipment and Land.

Property Value-
Building $4,320,000
Chattel ($3,000/Rm) $ 264,000
Land $2,863,437
Value $7,447,437