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31174119
31174951

220 Midland Ave, Basalt, CO 81621 For Sale

DE
CO CO ER100070808, WY WY #RE-15133 (+7)
Prime Investment Properties
Listed by Prime Investment Properties
$6,250,000
116 days on market
Updated 73 days ago

Basalt Mountain Inn - Basalt, CO

Details
Property Type Hospitality
Sub Type Hotel, Motel
Keys 25
Cap Rate 7.28%
Year Renovated 2023
Buildings 3
Stories 2
Acreage 0.610
Zoning C2

New Hospitality Listing - Basalt, CO

Marketing description

Hotel for sale in Colorado - Premier Roaring Fork Valley Location

Ideally located in downtown Basalt, within the highly sought-after Roaring Fork Valley resort corridor between Aspen and Glenwood Springs, one of the most recognized mountain tourism markets in the United States.

Proximity to World-Class Ski Destinations

The property benefits from close proximity to the internationally renowned Aspen Snowmass, attracting affluent year-round visitors for skiing, festivals, outdoor recreation, and luxury tourism.

Boutique Independent Mountain Inn

The property features 25 guest rooms across two stories, offering guests an authentic Rocky Mountain lodging experience with strong appeal to leisure travelers seeking boutique accommodations in a charming mountain town.

Recent Renovation & Upgraded Guest Experience

Originally built in 1965 and renovated in 2023, the inn features updated interiors and a contemporary mountain lodge aesthetic while maintaining the charm and character of an independent boutique property.

Strategic Accessibility

Located approximately 30 minutes from Aspen/Pitkin County Airport, providing convenient access for domestic and international visitors traveling to the Aspen resort region.

Walkable Downtown Location

Situated in the heart of Basalt’s revitalized downtown district, guests enjoy easy access to restaurants, boutique retail, riverfront parks, and the outdoor recreation amenities that define the Roaring Fork Valley lifestyle.

High-Barrier Resort Market

The Aspen-Roaring Fork Valley region is characterized by limited development opportunities, strict zoning, and high barriers to entry, supporting long-term lodging demand and asset value stability.

Year-Round Tourism Demand

The area attracts visitors in all seasons with world-class skiing, fly fishing, rafting, hiking, biking, festivals, and cultural events, creating diversified and resilient tourism demand.

Compelling Entry into the Aspen Market

Basalt Mountain Inn offers investors a rare opportunity to acquire a hospitality asset within the Aspen tourism ecosystem at a significantly lower cost basis than comparable properties in Aspen.

Investment highlights

Turnkey, prime location in the Roaring Fork Valley - 20 miles from Aspen

Please do not stop by the property without an appointment. Do not talk to staff. All inquiries and appointments must be made through the Broker. Thank you.

Listing Contacts

DE
CO CO ER100070808, WY WY #RE-15133 (+7)
Prime Investment Properties
Listed by Prime Investment Properties

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Additional Information

Name
Dan Emert
License
CO ER100070808
Brokerage
Prime Investment Properties LLC
Brokerage Phone
9706588098
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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