233 Grand Valley Way, Parachute, CO null For Sale

A well ran, operationally sound 4 story with elevator 73 room hotel, ready for a new owner to put their own touch, franchise it , or- other options may be, to change the building to an assisted living, senior facility, or small efficiency apartments, every room here is a kitchenette so much of that is all ready to go as far as possibilities for a conversion. Could potentially even be used as professional offices.

The property is conveniently located right between Glenwood Springs and Grand Junction on busy I-70 for travelers and all the festivals and functions that occur up and down the valley. It is also easy to stop by quick due to proximity to I-70. Appx 1/4 mile off the highway off ramp. There is all kinds of festivals and recreational things to do nearby including Rifle Falls, Skiing, Hiking, Biking, Another plus is Monument National park in only 45 minutes and The Arches park is only two hours away. Denver is an easy days drive of 3.5 hours for functions there. One of the largest wine festivals is in Palisade about 1/2 hr. away, and the Peach Festival brings about 13000 guests to the area, Concerts as well. Bryce and Zion are apps 4-5 hours, Las Vegas is a short 7 hour trip. Grand Mesa recreational area is about 45 min to 1 hr away, Powderhorn Ski area about 40 min. Glenwood Hot Springs is about 40 min. Great location in the heart of the valley, with the only Lake and Colorado river view here in Parachute.

There is a new lease coming for gas and oil exploration including appx 8000 acres. This Valley is one of the largest natural gas reserves in America. A lot of solar fields and active gas and oil fields.

There is a lot of money being pumped into the local economy that will bring many jobs with new developments, businesses, and future recreational guests so it is being said by a developer.

It’s a great time to get into this market, as the other two hotels here just sold, and the upside for an owner is unbridled. Plenty of room to raise Room Revenues, ADR, and REV PAR, and flag this ship if you like.

Several Flags are wanting this property to be added to their brands.

New roof 2023 and new make up air units also 2023.

Call for details.