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Red Mountain Inn 51637 Highway 6 40 Room Hotel Glenwood Springs, CO 81601 $5,900,000 ($147,500/Room) 8.91% Cap Rate
Investment Highlights
- 8.91% Cap on Actuals
- No Deferred Maintenance
- 41 Units- 86% Occupied
- $700,000+ of Cap Ex
Executive Summary
Olive Real Estate Group is pleased to present Red Mountain Inn & Suites for sale, a prime investment opportunity in a booming mountain town.
Located in Glenwood Springs, Colorado, the property consists of 41 extended-stay units, several of which are free-standing buildings. Each unit features a kitchen or kitchenette with full-size refrigerators.
Over $700,000 in capital improvements have been completed within the past three years, creating a well-maintained, turn-key investment opportunity. With on-site management in place, the asset offers operational stability in a market characterized by strong demand.
The property benefits from a park-like setting and includes additional land behind the existing structures, offering potential for future expansion or redevelopment.
Unlike traditional hospitality assets, the property has historically maintained strong occupancy and consistent demand, often supported by a waiting list.
This is a rare opportunity to invest in a high-demand market.
Improved Sale Price: $5,900,000 (was $6,800,000)
8.91% Cap Rate on Actuals
41 Extended-Stay Units
86% Current Occupancy
Turn-Key Operation with On-Site Management
No Deferred Maintenance
Expansion / Development Potential
Strong Market Workforce Housing Demand
Located in Glenwood Springs, Colorado, the property consists of 41 extended-stay units, several of which are free-standing buildings. Each unit features a kitchen or kitchenette with full-size refrigerators.
Over $700,000 in capital improvements have been completed within the past three years, creating a well-maintained, turn-key investment opportunity. With on-site management in place, the asset offers operational stability in a market characterized by strong demand.
The property benefits from a park-like setting and includes additional land behind the existing structures, offering potential for future expansion or redevelopment.
Unlike traditional hospitality assets, the property has historically maintained strong occupancy and consistent demand, often supported by a waiting list.
This is a rare opportunity to invest in a high-demand market.
Improved Sale Price: $5,900,000 (was $6,800,000)
8.91% Cap Rate on Actuals
41 Extended-Stay Units
86% Current Occupancy
Turn-Key Operation with On-Site Management
No Deferred Maintenance
Expansion / Development Potential
Strong Market Workforce Housing Demand
Property Facts
| Price | $5,900,000 | Building Size | 17,955 SF |
| Price Per Room | $147,500 | No. Rooms | 40 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.91% | Year Built/Renovated | 1945/2022 |
| Property Type | Hospitality | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.42 AC | ||
| Zoning | M1 | ||
| Price | $5,900,000 |
| Price Per Room | $147,500 |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.42 AC |
| Building Size | 17,955 SF |
| No. Rooms | 40 |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2022 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | M1 |
Amenities
- Outdoor Pool
- Destination Resort
- Public Access Wifi
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $214.00 | - |
| Guest Room | 39 | $115.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R100051 | Improvements Assessment | $176,830 |
| Land Assessment | $399,850 | Total Assessment | $576,680 |
Property Taxes
Parcel Number
R100051
Land Assessment
$399,850
Improvements Assessment
$176,830
Total Assessment
$576,680
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Red Mountain Inn | 51637 Highway 6