This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Canyon Motel 221 Byers Ave
14 Room Hotel Hot Sulphur Springs, CO 80451 £1,248,008 (£89,143/Room) 14% Net Initial Yield
Investment Highlights
- Offered at a 14.0% cap rate based on historical financials with significant room for growth
- Owner's quarters are also available on-site (and can be rented separately as an apartment if desired
- 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
- 14 room exterior-corridor motel in the popular tourist destination of Hot Sulphur Springs, Colorado
- In close proximity to Hot Sulphur Springs Resort, which offers day passes to its 24 famous hot springs that are within walking distance
- The Property is located less than 100 miles from Denver, CO and 30 miles from the western entrance to Rocky Mountain National Park
Executive Summary
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 major draw for adventure-seekers throughout the globe, and brings in nearly 90 million visitors a year (2019 estimate).
Property Facts
| Price | £1,248,008 | Building Class | C |
| Price Per Room | £89,143 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 6,072 SF |
| Net Initial Yield | 14% | No. Rooms | 14 |
| Sale Conditions | Business Value Included | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1950 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | £1,248,008 |
| Price Per Room | £89,143 |
| Sale Type | Investment |
| Net Initial Yield | 14% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,072 SF |
| No. Rooms | 14 |
| Number of Floors | 1 |
| Year Built | 1950 |
| Corridor | Exterior |
Amenities
- Public Access Wi-Fi
- Ski (direct access)
About 221 Byers Ave , Hot Sulphur Springs, CO 80451
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).
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | £61.03 | - |
zoning
| Zoning Code | T1 (Tourists) |
| T1 (Tourists) |
Presented by
Canyon Motel | 221 Byers Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.