Broken Spur Inn & Steakhouse 955 E Utah State Route 24 61 Room Hotel Torrey, UT 84775 $9,800,000 ($160,656/Room) 10.02% Cap Rate

Tours are available by appointment only. To schedule a tour, please contact the broker. It is understood that staff at the property should not be contacted directly.
Newmark Mountain West is pleased to present the Broken Spur Inn & Steakhouse, a unique hospitality offering located in Torrey, Utah, at the doorstep of Capitol Reef National Park. The property features a diverse lodging mix that includes traditional hotel rooms, highly sought-after glamping wagons, a full-service steakhouse, bakery operations, meeting space, and excess land for future expansion.
Strategically positioned along Utah’s Scenic Byway 24, the property benefits from its proximity to Capitol Reef National Park, which attracts more than 1.4 million visitors annually and continues to experience strong tourism demand. The asset serves as a premier lodging destination for visitors exploring Utah’s Mighty Five National Parks and surrounding recreation areas.
Ownership completed extensive renovations beginning in 2023 and concluding in 2024, creating a turnkey investment opportunity with limited near-term capital requirements. The renovations contributed to the property’s stabilization and absorption from 2023 through 2025, with the trailing twelve-month period through 2026 reflecting its continued operational success.
The Broken Spur offers multiple avenues for future growth. Opportunities include expanding outdoor guest amenities, increasing bakery production capacity to meet existing demand, upgrading additional glamping wagons to extend seasonal operations, and developing the adjacent one-acre parcel with additional lodging units. Ownership estimates the expansion parcel could accommodate additional glamping wagons, creating meaningful revenue upside.
Further enhancing the investment opportunity, the property has received approval for conversion to Hilton’s Outset Collection brand, providing a potential pathway to increased visibility, expanded distribution channels, and premium rate positioning. Existing professional management can remain in place, if desired, providing a seamless transition for investors seeking a more passive ownership structure. Please contact broker for additional details.