LOCATION: 1103 Grand Avenue, the main street of the town, only one block from the breathtaking Grand Lake and directly adjacent to the great and most central City Park. Featuring the west entrance to the Rocky Mountain National Park, the Grand Lake area is considered one of Colorado's most beautiful vacation regions. With it’s breathtaking scenery, wonderful lakes, an abundance of elk, moose, deer, Bighorn Sheep, black bears and much other wildlife in the immediate area - some of it strolling on downtown streets, spectacular alpine scenery as well as more than 300 sunny days on average, this magnificent and charming historic (1881) hotel offers superlative financial upside and lifestyle possibilities. 

Some of the area’s attractions include: one of our nation's most frequently visited National Parks with more than three million visitors annually; world-class alpine skiing, fishing, ice-fishing, hunting, hiking, biking, cross-country skiing, snowmobiling, golfing, boating, horseback riding, shopping, sightseeing, museums and restaurants. At an elevation of 8,369 feet, Grand Lake is located only 5 minutes to the National Park entrance; 15 minutes to Silver Creek Ski Area, 35 minutes to Winter Park Ski Area; 20 minutes to Hot Sulfur Springs; 100 miles (1 hour 45 minutes) northwest of Denver; come and partake in the great lifestyle in the very center of Colorado’s breathtakingly beautiful Rocky Mountains.

IMPROVEMENTS: Currently the hotel features 18 guestrooms in one two-story building, with a total of approximately 12,700 square feet. There is underutilized indoor space to convert into additional guestrooms or other profitable revenue producing areas. At street level, fronting the ultra-busy main street and around the corner facing the very active City Park with it’s popular Library and wonderful playhouse-theater, five smart retail shops with a total of approximately 6,400 square feet - include a very busy full-service family style restaurant - provide great rental income.

A charming front lobby with a wood-beamed ceiling and a beautiful native-stone fireplace is situated at street level as well. The hotel’s guestrooms are situated on the second floor off an attractive balcony running the entire length of Grand Avenue (main street) and the attractive Pitkin Street facing the City Park and also leading to the lake only a stone-throw away. Additional guestrooms are accessible via an appealing interior corridor.

A wonderful, large attic with a very tall ceiling is begging to be converted either into owners living quarters or additional guestrooms. The beautiful and almost brand-new (2000) standing-seam metal roof would lend itself greatly toward the installation of dormer-style windows. An adjoining, one-bedroom log-cabin style cottage would make a great honeymoon suite or just serve as a very private retreat for lovers or people simply needing to get away from the hectic city life for a few days. Attractive landscape and TLC of the property’s backyard along with the installation of a whirlpool hot tub would improve this hotel’s year-round business even further.

The property is in good condition and offers substantial financial upside for the right operator. 2002 property taxes were approximately $9,134; Average annual utilities are $44,365 annual insurance is at about $4,500. 

REVENUES:  $202,902 (12 months from December 2002 through November 2003))

TERMS: Conventional, SBA, or Seller may carry for qualified Buyer.

Information herein has been obtained from what are believed to be reliable sources, however, Anton Hospitality Brokers, Inc., cannot guarantee its accuracy. References and information contained herein are approximate only and are subject to changes and errors. Assumptions are based on professional management and marketing of the property and future operating results will vary depending on ownership. Buyers must conduct their own investigation and due diligence and consultation with a professional financial advisor is highly recommended. Price is subject to change without notice.