104 2nd St S
Kremmling, CO 80459
Hotel Eastin · Multifamily Property For Sale · 33 Units

Kremmling, Colorado, known as the "Sportsman’s Paradise," embodies the spirit of the American West. Surrounded by stunning landscapes, it is recognized as the Motorsport Capital of Grand County and offers pristine ATV and OHV trails for outdoor enthusiasts. The town features a warm atmosphere with local shops and dining, serving as a great base for exploration. Visitors can enjoy world-class fishing on the Blue and Colorado Rivers, fly fishing, and expansive hunting grounds. In winter, Kremmling is famous for its snowmobiling trails and provides easy access to hiking, biking, and off-roading opportunities near Gore Canyon and Wolford Mountain Reservoir. With nearby working ranches and abundant wildlife, Kremmling exudes natural charm and is centrally located between Steamboat Springs (1 hour), Winter Park (1 hour), and Summit County. This makes it an attractive destination for those seeking a quieter mountain experience while still being close to ski resorts and hot springs. It is only a half-hour from Rabbit Ears Pass, which serves as a recreational hub in both winter and summer, and just 40 minutes from Silverthorne, Colorado. This combination makes Kremmling a desirable spot for both tourists and residents alike. Founded in 1906, this historic boutique hotel presents considerable income potential through a hybrid model of hotel accommodations and long-term boarding. The hotel plays a vital role in addressing the shortage of extended-stay housing for local workers, supporting the Summit and Grand County workforce, and attracting visitors throughout the year. The property features 28 uniquely designed rooms, 3 apartments, and 2 commercial spaces with modern amenities like flat-screen TVs, mini-fridges, and microwaves. It holds considerable investment potential as it can continue operating as a hotel, be converted into long-term housing, or be transformed into a mix of short-term rentals and apartments. Additionally, the hotel includes two retail spaces occupied by a clothing store and a flower shop, which can either remain as rentals or be converted into extra apartments. The Hotel Eastin provides a steady income from guests, long-term tenants, and retail leases, making it an excellent investment opportunity for hoteliers, developers, or entrepreneurs.