Nine Room Historic Hotel In Colorado's Spiritual Center For Sale

Business description

Originally the site of a historic hotel, this 9 room bed and breakfast has been in operation since 1997. Situated on a one acre lot, the property maintains much of its historic character. Graciously proportioned, its original hotel rooms have not been chopped up with today's trappings. A large 300 sq. ft. covered front porch frames stunning mountain and valley views, inviting all to relax and unwind. The threshold opens to a large living room and stately Fir post staircase and to the side, a roomy parlor and under-stairs powder room. Downstairs is also the ample dining room with its wide doorway. Off of the dining room through double swinging “waiter” doors is a large country kitchen with a commercial gas six-burner stove, two refrigerators, dishwasher, sink, and the refinished hotel lobby serving as a decorative and functional large island. A sitting room / office, bedroom, two closets, large full bath with claw foot tub, and laundry room / pantry complete the downstairs. Antique light fixtures, wood molding, and wallpaper borders throughout, add grace and old world charm.

Property information

Real Estate:

Real Property Included

Lease terms:

Owners will consider lease/option with 5% for, or will carry mortgage for acceptable buyer with 10% down payment.

Living accommodation:

There is a one bedroom owners quarters in the rear of the building on the first floor.

Location:

The bed and breakfast is located in Colorado's up and coming spiritual center. Located in the shadow of Colorado's majestic San Juan mountain range, it is home to a plethora of spiritual centers, ashrams and the like. The San Luis Valley is one of the largest high desert valleys in the world, lying at an altitude of over 7,000 feet. Surrounded by the peaks of the Sangre de Cristo Mountains to the east and the San Juan range to the west, the valley is the size of Connecticut. Outdoor activities abound, including hiking, biking, rafting and kayaking, horsebackriding, snowshoeing, sledding, snowmobiling.

Other information

Expansion potential:

There is potential for revenue growth as the owners close the inn for several months every year. There is also facilities on the property that could easily be used for events, studio work, and other group activities.

Competition / Market:

There are a few other lodging options in the area, but none that are direct compRevenues could be increased with more active owners, who close the iThere is a one bedroom owner's quarters on the first floor of the building.

Support & training:

Owners are willing to train buyers.

Reasons for selling:

Owners are retiring.

Financing available:

Owner will consider carrying 90% mortgage for acceptable buyer.

Furniture / Fixtures value:

$25,000 (included in the asking price)