China Clipper Inn B&B
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10% CAP rate projected for 2022! 9% Cap Rate for 2021 - even closing for 4 months for owner's personal time and vacations!
Live/Work/Play/Invest in beautiful Ouray, otherwise known as the Switzerland of America and named Outdoor Capital of Colorado.
Almost 7300 livable square feet on a large lot with outdoor patios and decks. This premium, quiet location is just 1 block from the ever popular, historic Main Street and only 2 blocks from the Uncompahgre River. Guests enjoy being able to walk to shops, restaurants, hiking trails, Via Ferrata, Ice Park, Hot Springs and more with this perfectly located property.
Purposely built as a Bed & Breakfast (not a retro fitted house), the China Clipper is recording record occupancy & revenue numbers in 2022. Revenue numbers have steadily increased the past 4 years and have shown a 25% increase. The current owners/operators have closed the Inn 4 months every year to allow themselves personal time and vacation time and still have this exceptional Cap Rate! A new owner may decide to capture this added potential revenue instead!
The China Clipper Inn B&B has a solid history of stellar reviews, including being voted the Best B&B in Colorado in March of 2022 by Wall Street. In addition, it has been voted as Ouray County's Best B&B in 2020 and 2022 (no voting took place in 2021) Repeat guests are common and comments can be seen on website reviews.
This property features:
• 12 fully furnished, uniquely decorated rooms, some with fireplaces and whirlpool tubs. All with private bathrooms.
• 1 new 1 bedroom/1 bath apartment which has just been added to the rental inventory. Complete with a full kitchen and living room
• On-site and off-site parking.
• Beautiful outdoor patios and decks, complete with a hot tub for general use
• Common areas consisting of library, sitting area, dining room, enclosed patio
• Owner/Manager quarters include a large 2 bedroom, 1 bath, complete with remodeled kitchen, living room, and dining area. Quarter have shut off stairway leading to the front desk reception area.
• Attached garage for storage or owner/manager use
• Large laundry Room with Commercial Washers/Dryers
• Kitchen features natural gas double convection ovens, Viking vent hood, Viking cooktop with grill, Ture Brand commercial refrigerator and 2 Bosch dishwashers.
• Many upgrades, including a 17K new boiler system
This business is a TURN KEY OPERATION, with the opportunity to generate increased revenue through multiple avenues.
At full asking price of $2,950,000 the China Clipper Inn is being offered at only $405 per finished square foot - a TREMENDOUS VALUE for an established, successful business/property in a central downtown location.
- 13 Guest Rooms
- 13 Guest Room Baths
- Has Owner's Quarters
- Built in 1994
- Last Renovated in 1994
- Opened in 1995
- Building is 7,275 SQFT
- Lot is 0.2 Acres
- Photo Gallery
- Property Website