The per unit price puts the purchase price in the $4.7 million to $5.46 million range. The sale equates to a 12% cap rate.

"The cap rate, which some might consider aggressive for a mid-1980s constructed hotel, reflects some key market conditions," Jim Nelms, a broker with Denver-based Coldwell Banker Commercial American Spectrum, told GlobeSt.com. But he says an astute investor will find value in the Springs, about 60 miles south of Denver.

"The new supply of limited service hotels can and is being absorbed at an acceptable pace in strong commercial markets," such as in the Springs, Nelms says. "So, even markets with an abundance of new supply will stabilize over a tolerable period." He also says "there is no shortage of debt capital available for seasoned operators, with sound strategies. But more importantly, says Nelms, it follows the course of last year's predictions that "for buyers and sellers, it appears that debt will be even more affordable. This is a strong signal of ongoing acquisitions of hotels of this size."