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221 Byers Ave
Hot Sulphur Springs, CO 80451

$1,595,000 USD

Hotel For Sale • 6,072 SF

Property Details

Property Type Hotel
Total Building Size 6,072 SF
Lot Size 0.42 AC
Building Class C
Year Built 1950
Cap Rate 14.00 %
Zoning T1

0 Transit Score

20 Walk Score

Description

Hot Sulphur Springs, Colorado is nestled in the Rocky Mountains, located in Grand County between Granby and Kremmling. The town is approximately 100 miles from both Boulder and Denver, Colorado, and is 30 miles northwest of the world-renowned outdoor recreation destination of Winter Park. The town is known for its mineral-rich natural hot springs, stunning scenery, and relaxed atmosphere. This brings in visitors from Winter Park and elsewhere, making the town a destination for outdoor enthusiasts year-round.

There are many attractions in and around Hot Sulphur Springs, including the Hot Sulphur Springs Resort and Spa (day passes are available for guests of the Canyon Motel), the aforementioned Winter Park (Resort), Granby Ranch Ski Area, the Colorado Adventure Park, and much more.

Colorado is a major draw for adventure-seekers throughout the globe, and brings in over 93 million visitors a year (2023 estimate).

                
                    Highlights
                
                                Offered at a 14.0% cap rate based on historical financials with significant room for growth
                            
                                14 room exterior-corridor motel in the popular tourist destination of Hot Sulphur Springs, Colorado
                            
                                Owner's quarters are also available on-site (and can be rented separately as an apartment if desired
                            
                                In close proximity to Hot Sulphur Springs Resort, which offers day passes to its 24 famous hot springs that are within walking distance
                            
                                Only 30 miles from the popular destination of Winter Park, Colorado, ranked as a top-40 US ski resort in Conde Nast's 2021 Reader's Choice Awards
                            
                                The Property is located less than 100 miles from Denver, CO and 30 miles from the western entrance to Rocky Mountain National Park

Property Flyers

Offering Memorandum - Canyon Motel

Cap Rate:

14.00 %

Amenities

Public Access Wifi
Ski (direct access)

Ned Rupp 651-492-0563 SVN | Northco Real Estate

221 Byers Ave Hot Sulphur Springs, CO 80451