200 Wolfensberger Road is located at West Wolfensberger Road and West Plum Creek Parkway. The property was built in 1994, and formerly operated as an independent hotel features 68 rooms, with meeting & event space and a fitness center. The Buyer intends to significantly renovate the property and convert it into a Quality Inn & Suites by Choice Hotels facility with a tentative grand re-opening scheduled for Spring of 2022.
NavPoint Principal, Matt Call commented on the sale “This property with its location adjacent to the I-25 Wolfensberger Road interchange, and price per room acquisition created a strategic opportunity for the Buyer to acquire a well located hospitality property at well below replacement cost. With the explosive growth in Castle Rock and low hotel room count the re-brand to a Choice property will add much needed quality hotel inventory to the Castle Rock market.”