Capital Property Group is pleased to offer for sale the Blue Sky Motel.
Proven Value-Add Opportunity
Blue Sky Motel offers investors the opportunity to acquire an asset with substantial upside potential. There are several viable investment strategies for this asset, one would be to renovate the existing units and attract a higher RevPAR while implementing an efficient management strategy, thus increasing cash flow. Two would be to reposition the asset into a boutique hotel and cater to the rapidly changing demographic in the surrounding area, (this is becoming a popular strategy with investors who are looking to capitalize on the quickly improving area). Another option would be to redevelop the site.
Blue Sky is located along Lakewood’s historic West Colfax corridor, the main artery of Lakewood’s 40 West Art District. The site is just blocks from the rapidly growing Sloan’s Lake neighborhood. Significant capital investments have been implemented by the city of Lakewood to the surrounding area in an effort to attract private investors and top-class commercial tenants.
Property Type: Hospitality
Building Size: 11,225 sqft
Year Built: 1954
Parking Ratio: Onsite Parking Lot
Price: Contact For Price
Pricing Type: Sale
Capital Property Group
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