640 S Broadway
Cortez, CO 81321
Mesa Verde Inn · Hospitality Property For Sale · 47,312 SF

Opened and operated as a full service Ramada Inn 1967 thru 1985 by same ownership. Historically a first tier quality motor inn amongst several tourist court and smaller motels. It was sold to the current owner in 2008. Currently FF&E average in quality. Most case goods in service 10-15 years. Some rooms have microwave ovens and refrigerators and flat screen TV’s appear to be the most obvious recent upgrades. System maintenance generally appears good. Expansive grounds in seven freestanding buildings all with exterior entrances. The freestanding, 100-seat restaurant (Beny’s Diner) adjacent to the Inn is not a part of his offering as it is currently leased, but it is available for purchase separately for $400,000. It is currently leased at $2,000/month NN. It has been operated as a lounge/cabaret under lease but is currently closed. There is also a fitness center that is available separately (former 150 seat meeting room). Ask broker for more details. Approximately 3.0 acres of gravel paved vacant land is contiguous to west of the improvement. It is serves as overflow and RV/Truck parking. Zoning permits commercial and multi-family use. Owner has a large number of maintenance equipment stored in two free standing buildings for operation and maintenance of the expansive grounds. A one bed-room furnished Manager’s apartment with fenced yard is currently provided assistant manager’s Family. The apartment connects to a second standard room to create a second bed room and bath as needed.