Durango, CO Offered for sale at $4,000,000
Boutique property in the heart of downtown Durango. 15 large hotel rooms (15 king, 3 double queen) all with large private bath. Historic hotel fully renovated, well maintained, and in excellent condition.Strong community support. Positive financial history and trends. Diverse mix of loyal customers. Excellent location, walking distance to shops, restaurants and activities of downtown Durango. Hotel includes spacious lobby and bar area. The Secret Garden is relaxing and enjoyable for guests and provides venue space for weddings, concerts, parties, non-profit fundraisers and more. High brand recognition and customer awareness. Development possibilities available.
Property Details
- 15 Guest Rooms
- 15 Guest Room Baths
- Has Owner’s Quarters
- Built in 1892
- Last Renovated in 2018
- Opened in 1993
- Building is 8,500 SQFT
- Lot is 0.2 Acres
- Photo Gallery
- Property Website
Financial Details
- Offered for sale at $4,000,000
- Occupancy Rate: 65%
- Average Daily Rate: 190
- Annual revenue is $840,000
- Terms: SBA financing recommended.
- Prequalify for Financing
Contact Information
