29431 Highway 160
29431 Highway 160 South Fork, Colorado 81154 United States

$1,345,000
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Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat dining room, and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished,...

Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc
$1,345,000
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9
Full Baths
12,000 Sq Ft.
Interior
1.22 Acres
Exterior
Commercial
Property type
1926
Year Built
772068
Web Id
772068
MLS ID
377
days ago

About 29431 Highway 160

Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat dining room, and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. 18% Cap Rate and 3.28 GRM. This property is nicely maintained, and up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $390,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Net operating income is $145,000 per year. There are 4 Jacuzzi Suites in the historic B&B, plus a separate building with 8 hotel rooms, and two 500 sq ft apartments. There is one small cabin, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. The dining room has been used as a full-service restaurant before and could be used that way again. Or, this commercial space could be leased out or repurposed in any way you choose! All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired. Please take a moment to look at the virtual tours and videos. They give a great feel for the property.

Listing Courtesy of Steffens and Company Realty, Inc, CREN MLS

Amenities

  • Wood Heating

features

cooling
Electric

PROPERTY INFORMATION

Heating
Electric, Propane, Wood
Parking Description
Gravel

ADDITIONAL INFORMATION

Number of Units
15
Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc

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