08 May Historic Mountain Motel–Real Estate included in the asking price
Historic Mountain Motel–Real Estate included in the asking price
This independently owned, owner operated boutique motel is located in a mountain community in South Central Colorado. This long standing motel has operated for more than 70 years. Tourist trade accounts for the majority of the business income. Renovations and upgrades have kept this motel updated, yet the historic ambiance and charm remain. It is located within walking distance to town, encompasses 1.6 acres (14 city lots) on an entire block. Accommodations include twelve guest rooms, and two cottages. The two cottages were completely remodeled in 2017, and 2021. The property also includes a two story building with a 2nd floor 725 Sq. Ft. one bedroom apartment. The lobby, laundry, storage, and one bathroom are located on the first floor. Seasonality plays a role, with 73% of its annual revenue being earned during the second and third quarters of each year. However, the motel is one of few that remain open year around.
Seller is retiring.
Seller will provide all necessary training for a smooth transition of ownership.
LOBBY • 1st story - lobby, storage, laundry, bathroom: 725 sq. ft •
LIVING QUARTERS- 2nd story 725 sq. ft. 1 Bedroom, kitchen , living, dining , bath, and balcony. • Shed
MOTEL • Mechanical Room: 85 sq. ft. • 12 guest rooms: 290 sq. ft. each; total = 3,480 sq. ft. •
1880's COTTAGE: 395 sq. ft. + 90 sq. ft. porch •
1930's COTTAGE: 350 sq. ft. + 80 sq. ft. porch
Several motels/lodges and a number of cabins and vacation rental properties are located in the area. The tourism trade is robust so competition is rarely a factor in renting the motel rooms as demand far exceeds supply in the high season. During winter accommodations dwindle among other lodging properties as they close due to the cold temperatures. This motel is one of a handful that remain open year around. Collaboration rather than competition exists amongst the open properties.