Elk Mountain Lodge 129 Gothic Ave 19 Room Hotel Crested Butte, CO 81224 $11,000,000 ($578,947/Room)

An iconic property located in the coveted historic west end of Town, this one of a kind Crested Butte hotel and bed and breakfast business cannot be duplicated. At 10,391 SF, the property features 19 guest rooms, 22 bathrooms, a managers apartment, spacious common areas for guests, a large kitchen, a full bar, comfortable guest lounging and dining areas as well 2 lobby powder rooms. Beautifully renovated and very well maintained, the original locally sourced Douglas fir wood flooring was recently refinished and all of the guest accommodations are individually decorated. The third floor rooms include balconies with spectacular views of the ski resort and the surrounding mountains. The Elk Mountain Lodge is nestled in a quiet residential neighborhood surrounded by historic residences. It is the only in-town hotel located west of 5th Street and enjoys convenient access to Elk Avenue’s commercial core and the skier shuttle stop to Crested Butte Mountain Resort. The popular Lower Loop ski, bike and hiking trail system is only a few blocks away. The offering includes all of the assets of the profitable hotel business including all of the fixtures, furnishings and equipment. Highlights include the Baby Grande piano, a liquor license, a roomy hot tub facility, deeded off-street parking, a large front deck, and a 1,203 SF basement. Other assets include the business’ high performance website and domain name plus the business’ brand. There is a fleet of townie bikes for guests and overnight storage for skis and bikes. Recent capital improvements include a new commercial laundry room, a Wolf range, recently replaced windows, recently replaced roof, a new deck with custom iron railings, and a commercial grade internet and WiFi system by King Systems. The options are endless for this property with the included multi-use residential and commercial zoning. House employees or a family in the four first floor rooms, while maintaining 15 guest rooms upstairs, or continue using it as a lodge with 19 guest rooms. The offering includes a commercial (vacant) parcel located on Belleview Avenue.