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Fairplay Valiton Hotel 500 Main St 18 Room Hotel Fairplay, CO 80440 $2,400,000 ($133,333/Room)
Investment Highlights
- Recent Major Upgrades
- 30 minutes from Breckenridge Ski Area
- 25 Rooms (19 with bathrooms)
- Currently used for workforce housing
- Bus Stop to Breckenridge only a block away
- 2 Communal Kitchens, 2 Common Bathrooms
Executive Summary
Rare investment opportunity in the heart of the up and coming town of Fairplay. Built in 1925, this unique property is listed on the National Registry of Historic Places. Formerly known as the Valiton Hotel, this 25-room hotel property has been brought back to life with major upgrades including renovated bathrooms, bedrooms, new windows throughout entire bldg, new boiler, all new plumbing, new exterior and interior paint job. The property also includes a fully functional restaurant with a welcoming patio, offering strong income potential and a unique guest experience. Restaurant space currently leased to Salon Mexico. Conveniently located along Hwy 285 corridor and only 30 minutes to the Breckenridge Ski Area. The Summit Stage bus stop is only a block away and provides direct access to Breckenridge making it highly attractive for both tourists and workforce housing. Rare chance to own a piece of history in a rapidly growing area with exceptional investment upside. This property is currently being used for workforce housing. Great opportunity for workforce housing, affordable housing, and or Hotel investment property.
Property Facts
Amenities
- Restaurant
- On-Site Bar
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $79.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 300 | Improvements Assessment | $189,540 |
| Land Assessment | $35,840 | Total Assessment | $225,380 |
Property Taxes
Parcel Number
300
Land Assessment
$35,840
Improvements Assessment
$189,540
Total Assessment
$225,380
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Presented by
Paffrath & Thomas R.E.S.C
Fairplay Valiton Hotel | 500 Main St
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