Charles D Mueller, Ridgway Real Estate, Cell: 970-209-3452,
[email protected], www.ridgwayco.com: This unique lifestyle
opportunity enjoys a superb location, consistent income, great cap
rate and multiple income streams. The property itself rests between
the Uncompahgre Riverwalk and US 550. There are 11,960 SF in heated
space, a 19 room hotel, 12 cabins (2 deluxe), a rental office,
manager's quarters, gas station, car wash, convenience store, and a
successful jeep rental business - each contributing separate
revenue streams. Open year-round, and a favorite with ice
climbers/Jeepers/outdoor enthusiasts. There are numerous
opportunities to increase revenue on this property, such as; *Jeep
rentals could be increased by including Razor rentals. *On-line
presence could and should be dramatically improved. *Convenience
store can be enlarged. This would have convenient parking and
access. *Car wash could be adapted to be open year-round. *Quality
management team in place for an absentee owner. Property values are
increasing in this yet discovered fantastic mountain town. Owners
motivated and may carry. NDA required.RevPar can be improved. It is
a bit misleading since this hotel remains open year round. Others
close in winter thus making their average occupancy higher. While
the winter is generally less lucrative, the Ouray Ice Climbing Park
is getting an international following and becoming more popular.
Back Country skiing is also becoming a significant attraction.
Because the gas station and convenience store require a real person
to be present, it is economical to also operate the hotel with the
same person. The area is becoming more of a year-round attraction,
especially with the completion of the remodeled Ouray Hot
The manager has listed the unit size as 11960 square feet.
Features & Amenities
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