Columbine Inn and Suites 2019 N Poplar St 41 Room Hotel Leadville, CO 80461 $7,500,000 ($182,927/Room) 7.28% Cap Rate

Introducing the exceptional investment opportunity, The Columbine Inn & Suites, a 41-room hotel. This property offers tremendous potential for a new owner, given its excellent condition, strategic location, and favorable seller-financing terms.
Built in 1998 and encompassing a generous 36,364 square feet of building space on a 34,364 square foot lot, the hotel features a well-balanced unit mix of 16 – Single Queen, 21 – Double Queen, 1 – Single King, and 3 – Suites. In addition, there is a private two-story, 2-Bd/1.5Ba manager’s apartment, ideal for on-site living quarters for ownership or staff. All major systems are in excellent condition, majority of which have been fully replaced or updated within the last few years including newer roof, new parking lot, brand-new additional back-flow system, new boiler, new water heaters, and consistent room updates/turns.
The property is zoned C1, offering highly flexible commercial use and significant upside potential. As for upside, the building includes a sizable walk-out unfinished basement, ideal for future expansion – whether for additional guest rooms, event space or some type of retail.
This meticulously maintained, non-franchised hotel offers a turnkey opportunity for investors seeking strong in-place performance with room to grow in one of Colorado’s most scenic and historically rich mountain towns – now made even more attractive through competitive seller-financing terms and the unfinished basement prime for expansion.