Listed by COMPASS
$1,690,000
Glenwood Springs Hostel
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 4,673
Keys 10
Beds 12
Cap Rate 7.69%
NOI $130,000
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $135,000
Price per SqFt $362
Year Built 1910
Year Renovated 1994
Buildings 2
Stories 3
Zoning Mixed Use
Investment Type Value Add
Ground Lease No
Hospitality | 7.69% CAP | 10 Keys
Marketing description
Investor special! The Glenwood Springs Hostel, a long time operating lodging facility, is up for grabs! This one has amazing rental history, with both long and short term renters, and is booked for the summer already. It has dual zoning, so bring your ideas to this Grand avenue location! The front building was built in 1910, and the rear building was built in 1994. The back building has a full apartment upstairs for long term rentals, with the downstairs currently used for short term. The front building has short term lodging nightly. This location has only had 3 owners, and you could secure your future in Glenwood Springs! Call today for more info!
Investment highlights
Mixed Use, can be redeveloped, business name and assets sold with purchase. Has short term rental approvals in place and can be transferred with sale as well.
Listing Contacts
Listed by COMPASS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
7.69%
Cap Rate
7.69%
ROI
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