Log In/Sign Up
Your email has been sent.
Quality Inn Durango 2930 Main Ave 48 Room Hotel Durango, CO 81301 $5,550,000 ($115,625/Room) 8.80% Cap Rate
Investment Highlights
- Diverse Durango Demand Generators: Durango pulls demand from the Narrow Gauge Railroad, Mesa Verde, Fort Lewis College, the Animas River corridor
- Strong Trailing 12 Performance: Recent T-12 revenue reflects healthy topline performance, with Durango holding strong despite broader softness
- Upcoming Choice Repositioning Window: Approaching Choice’s conversion window offers lower liquidated damages and strong brand conversion economics
- Ideal Owner Operator Opportunity: Includes a renovated 1 bedroom / 1 bathroom living quarters, allowing an owner operator to live on site
- Purgatory Resort Year Round Impact: Purgatory Resort drives significant winter ski traffic and strong summer visitation through mountain biking
- Regional Gateway Location: The market also benefits from major events, key employers, and its role as a gateway to the San Juan Mountains, Telluride
Executive Summary
Broker of Record
Brayden Conner
License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Brayden Conner
License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $5,550,000 | Lot Size | 0.72 AC |
| Price Per Room | $115,625 | Building Size | 17,691 SF |
| Sale Type | Investment | No. Rooms | 48 |
| Cap Rate | 8.80% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Parking Ratio | 3.22/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | Commercial | ||
| Price | $5,550,000 |
| Price Per Room | $115,625 |
| Sale Type | Investment |
| Cap Rate | 8.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 17,691 SF |
| No. Rooms | 48 |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 3.22/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
Amenities
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 48 | $126.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $650,220 | |
| Land Assessment | $375,890 | Total Assessment | $1,026,110 |
Property Taxes
Parcel Numbers
Land Assessment
$375,890
Improvements Assessment
$650,220
Total Assessment
$1,026,110
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
