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.
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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.