Ponderosa Lodge
19 Unit Boutique Hotel/Lodge in Estes Park | 8.34% Cap Rate | Turn-Key Expansion Potential
Marketing description
SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of The Ponderosa Lodge, a charming lodge located in Estes Park, Colorado, at the gateway to Rocky Mountain National Park ("Property"). Originally established in the mid-1950s and rebuilt in 1982 after the historic Lawn Lake flood, The Ponderosa Lodge has remained a beloved lodging destination for decades. Nestled among towering ponderosa pines, the Property offers a relaxing mountain retreat with individually decorated accommodations, vibrant summer flowers, and the natural beauty of mountain breezes and wildlife viewing. The Property consists of 16 lodge units in the main building, 10 of which feature wood-burning fireplaces and 6 with convenient kitchenettes, as well as 3 private cabin-style accommodations. Each cabin is thoughtfully designed with a fireplace, full kitchen, and private hot tub, providing an elevated mountain getaway experience. Guests also enjoy a variety of amenities, including in-room coffee and tea service, BBQ areas, outdoor fire pits, 24/7 hot tub access, fishing, and complimentary WiFi.
With its long-standing history, strong recent reinvestment, and future development potential, The Ponderosa Lodge presents investors with a rare opportunity to acquire a stabilized, well-located mountain lodging property in one of Colorado’s premier tourist destinations.
Investment highlights
- 8.34% Cap Rate (YE 2025) / 11.83% Cap Rate (Pro Forma)
- Established lodge / hotel in Estes Park, Colorado, at the gateway to Rocky Mountain National Park
- 16 lodge units, including 10 with wood-burning fireplaces and 6 with kitchenettes
- 3 cabin-style accommodations, each with private hot tub, fireplace, and full kitchen
- Contactless check-in systems recently implemented
- Room for expansion: additional cabins, townhomes, or amenities. Zoning entitles an additional 20+ units. A pre-development plan was completed recently which was warmly received by the town of Estes Park.
- Prime development opportunity on a former employee housing site
- Over $350,000 invested in capital improvements since acquisition, addressing all deferred maintenance and upgrades to the entire property.
- Recent upgrades include remodeled units, new metal roofing, electrical upgrades, new flooring, updated HVAC, and new mattresses
- Guest amenities include BBQ area, outdoor fire pits, 24/7 hot tub, in-room coffee/tea service, fishing, and complimentary WiFi
- Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC (CO License: ER.040024487)
- Property Website: https://www.northco.com/properties/ponderosalodge
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