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Nordic Inn + Land + PUD 132 Room Expansion 24 Treasury Rd 28 Room Hotel Crested Butte, CO 81225 $10,995,000 ($392,679/Room)
INVESTMENT HIGHLIGHTS
- Great Location in base area of Mt. Crested Butte
- Approved Design / PUD Entitlements 132 Room Hotel Expansion
- Significant Upside Potential for existing Nordic Inn Hotel
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $10,995,000 | Lot Size | 1.67 AC |
| Price Per Room | $392,679 | Building Size | 11,579 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1962/2014 |
| Property Subtype | Hotel | Parking Ratio | 2.5/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | PUD - A PUD was approved by Mt. Crested Butte Town Council December 2019 for an expansion of the Nordic Inn hotel: A 132 Rooms, 9 Affordable Housing units | ||
| Price | $10,995,000 |
| Price Per Room | $392,679 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 11,579 SF |
| No. Rooms | 28 |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2014 |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Exterior |
| Zoning | PUD - A PUD was approved by Mt. Crested Butte Town Council December 2019 for an expansion of the Nordic Inn hotel: A 132 Rooms, 9 Affordable Housing units |
AMENITIES
- Balcony
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
ABOUT 24 TREASURY RD , CRESTED BUTTE, CO 81225
The Nordic Inn is a 28 Room B&B Hotel located in the base area of Crested Butte Ski Resort - with Approved PUD to expandhotel to 133 rooms. The Nordic Inn sits on 3.024 acres of land ready for hotel expansion. Great upside in existing hotelrevenue + development opportunity. Includes separate Chalet on property for owner or management. Excellent TripAdvisorReviews. Longest running Inn in Gunnison County. Financials available to qualified buyers with signed NDA. Crested ButteColorado. "Colorado's last great ski town" Base of Mt. Crested Butte Ski Resort. 500 yards from lifts. Separate listing for 10Room Whetstone Residence operated by Nordic Inn
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $418.00 | - |
| Guest Room | 26 | $255.00 | - |
PROPERTY TAXES
| Parcel Number | 317723418021 | Improvements Assessment | $578,050 |
| Land Assessment | $202,990 | Total Assessment | $781,040 |
PROPERTY TAXES
Presented by
Nordic Inn + Land + PUD 132 Room Expansion | 24 Treasury Rd
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