Quality Inn in Loveland trades hands for $6.1M

LOVELAND — The Quality Inn & Suites Loveland, located at 1500 Cheyenne Ave. adjacent to U.S. Highway 34, has sold for $6.1 million.

Seller CF Hospitality Inc. sold the three-story, 62-room hotel to SRK Loveland LLC. Billy Noon Chung is the president of CF Hospitality; Navnitial Patel of Cody, Wyoming, is the registered agent of SRK.

The property last sold in 2016 for $5.7 million.

SPONSORED CONTENT

How dispatchable resources enable the clean energy transition

Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).

The hotel is in a line of three hotels in that area of Loveland. The 30,218-square-foot hotel, built in 1998, sits on 1.44 acres.

The transaction closed April 1.