InnShopper > Inns for Sale > Wyoming > Elk Mountain > The Historic Elk Mountain Hotel

The Historic Elk Mountain Hotel


Elk Mountain, WY   Offered for sale at $995,000
 

1. Location
This is an Ideal family business if you enjoy country living, a safe and small rural community lifestyle, wide open spaces, pristine mountain air and night skies saturated with a myriad of stars.
The Historic Elk Mountain Hotel is located in southern Wyoming half way between Laramie and Rawlins and just 3 miles south of I-80 and a few miles north of the Snowy Range National Forest. The Town of Elk Mountain is a charming community of 190 persons and has an active primary school.
The hotel is listed on the National Register of Historic Places.
The hotel is located on approximately 8+ acres of meadow with mature trees and woodland alongside the Medicine Bow River much of it level land suitable for additional cabins, housing or stabling. There is a large gazebo in the meadow.

2. About the Hotel
The Hotel is a folk Victorian with restored tin ceilings and many original fittings and fixtures. It is furnished to reflect its Victorian ambience. A boutique hotel in the high plains of Wyoming at 7300 feet.
There are 12 cozy en-suite rooms plus 2 other bed rooms sharing a bathroom. Downstairs is the reception office, lobby and parlor and the restaurant. A conference room seating 14 is on the 3rd floor. The restaurant of about 1000 sq ft. seats 40+ comfortably. The majority of restaurant guests are also hotel guests.
The hotel was built in 1905 and underwent a 2 year back to the studs and beyond restoration, complete infrastructure modernization and reconfiguration to 8400 sq ft reopening fully during mid 2003. Approximate restoration budget approaching $2M. The hotel has been immaculately maintained by the current owners.
Property includes a large fully equipped commercial kitchen, walk-in freezer and cooler, wine cellar, laundry and housekeeping rooms. The parking area of approximately 16000 square feet has space for 15 to 20 vehicles depending on size.
Electric cables are routed underground. The hotel is on the town water supply, garbage collection and sewage.
New high efficiency heating and water boilers were installed in the Fall of 2015. The property is sold with full rights to draw water from the river for irrigation. The hotel has a food license and a full retail liquor license and is in full compliance with credit card monitoring, fire and health & safety regulations.
Also included is a separate 3 bed roomed house with integral garage adjacent to the property currently used by management.

3. Business
Business originates from Cheyenne, Rawlins, Casper and the Colorado front range (Denver and towns and cities north of Denver straddling the I-25 corridor) with other guests from the USA and Europe.
The hotel is a destination for those seeking peace and quiet from the hustle and bustle of the city and executive teams seeking to plan for the future as well as anyone those seeking an exceptional culinary experience.

4. Included in the Price
Price of $995,000 is inclusive of both properties, gazebo, furniture and fixtures, water rights, customer file, trade name and website. Propane, Liquor and Food inventory at valuation.



Property Details
  • 12 Guest Rooms
  • 13 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1905
  • Last Renovated in 2003
  • Opened in 1905
  • Building is 8,400 SQFT
  • Lot is 8 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $995,000
  • Occupancy Rate: 25%
  • Average Daily Rate: 149
  • Annual revenue is $225,000
Contact Information