Marcus & Millichap Capital Facilitates $9.1M Acquisition Loan For Holiday Inn Express In Colorado Springs

The Holiday Inn Express & Suites in Colorado Springs has secured acquisition financing of $9.1 million. The 87-key hotel, built in 2018, is strategically located near major companies and the United States Air Force Academy. It is situated at 9856 Federal Drive, in the vibrant market of Colorado Springs, CO.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $9,100,000
• Address: 9856 Federal Drive, Colorado Springs, CO
• Market: Colorado Springs, CO
• Keys: 87

Philip Gause and Tyler Waller from Marcus & Millichap Capital Corporation served as brokers in arranging the acquisition financing for the Holiday Inn Express & Suites in Colorado Springs. Their expertise in the market and strong connections within the industry contributed to the successful completion of the deal.