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1200 Main St
Silt, CO 81652
Red River Inn Silt - Rifle · Hospitality Property For Sale
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17,880 SF
PROPERTY FACTS
ABOUT 1200 MAIN ST , SILT, CO 81652
Here's the deal. Owner will carry. This hotel has 47 rooms that can rent for an average of $65.00 per day - 70% of the year. Do the math You'll need 6 employees. 3 on the desk. 2 housekeepers and 1 maintenance person. There will be a need to have a contingency fund for misc stuff that pops up. Now, If you can't run a hotel based on that, you should not be in the hospitality industry. Past performance of this hotel is great. It will be up to you to keep it up. You will either succeed or fail. No financial report is going to change that. If you would like to talk about it more, call me. This is a great opportunity for someone to purchase a 6-figure job and open themselves up to tremendous opportunities that the hospitality industry can offer. Please do not talk about NOI, Cap Rate, or any of the other complexities that you learned when earning your MBA. Nobody cares. A person with a sophomore high school education could run this place and make a great living doing it. This property requires desire, ambition and a true desire to make your life and the world a better place by offering a service to those in need. Someone who thinks their job is awful and wants a better life can easily purchase a 6-figure income. The only obligation is work. Plus, the owner will make it easy for you. The owner will carry you. The cleanest best run hotel / motel just became available. You've been waiting for it. Now it's here. The Red River Inn has been completely remodeled. It has everything new. LED lighting, new fixtures, low-flow toilets, new flooring, new TV's and more. Everything is new! The hotel boasts 47 rooms that includes an on-site property manager quarters. Spacious parking holds 55 cars and 5 designated big rig 18 wheeler parking spaces. Also, the property has a spacious storage shed for all of the supplies needed to maintain your new business. This is a great business opportunity offered from a great soon-to-be former owner. Do not let this opportunity pass you by.
