The Spruce Lodge - 15 Rooms OWNER FINANCING!


South Fork, CO   Offered for sale at $1,250,000
 

Colorado Ski Lodge!!

This lovely, historic inn is busy! Fully staffed, fully stocked, fully turn-key. $368,000 average yearly revenues. Listed on the National Register of Historic Places. $100,000 of future revenues on the books!

15 Guest rooms, all with private baths, strong WI-FI, great beds, flat-screen TVs, and Direct Tv service. GUESTS LOVE US! Gorgeous, newly renovated hot tub room and 11 RV spaces with electric, water, sewer, and Wi-Fi.

Lovely, historic lobby with stone fireplace, comfy couches, an old-fashioned front desk, and grand staircase.

Renovated 24 seat breakfast restaurant with a full, commercial kitchen, and a beautiful sunroom where we host our very a generous, free continental breakfast. This area is set up to be hassle-free, including an automatic coffee machine, juice machine, microwave, toaster, and several small tables.

3 bedrooms, 1 bath, 2000 square foot owners quarters with private entrance, private yard, and private laundry - this is not included in the 15 bedrooms, 15 bathrooms.

14 years of solid financials from current owners. A comprehensive buyer's packet is available with a signed, non-disclosure, and non-compete agreement.

20% OWNER'S FINANCING NOW AVAILABLE!

Many repairs and upgrades have made this property a very solid investment. 3.4 GRM with an 11% CAP rate. $137,000 NOI



Property Details
  • 15 Guest Rooms
  • 15 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1926
  • Last Renovated in 2020
  • Opened in 1926
  • Building is 12,000 SQFT
  • Lot is 1.17 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,250,000
  • Occupancy Rate: 65%
  • Average Daily Rate: 85
  • Annual revenue is $368,000
  • Terms: Owners will offer A 20% owner carry with a full price offer from well qualified buyers
Contact Information