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Location: Southwestern Colorado/Rocky Mountains
Number of Units: 49
Year Constructed: 1986
Corridors:  Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Per Franchisor
AAA Rated ? : Yes, 2 Diamonds

Asking Price: $ 1,200,000 now $ 950,000
Gross Rooms Revenue: $ 332,000
Gross F&B Revenue: N/A
Gross Other Revenue: $ 49,408
Annual Property Taxes: $ 9,244
Annual Insurance Costs: $ 9,044
Seller/Private Financing Available ?: No

Other Property Included: 50% interest in 1.57 acre site (adjacent) * - See Below

Other Information: This property is ideally located in a ski resort market, nestled in the beautiful Rocky Mountains of Southwestern Colorado and bordering on a National Forest.   It is situated on 1.49 acres in 4 separate buildings.  Two of the buildings offer single-story extended stay suites, one building offers 2-stories of standard rooms, and the other building is two story, accommodating the office and owners 2BR living quarters.  Recent renovation projects include new bathrooms in all units, 22 units completely remodeled in 2005, and all buildings freshly painted in 2005.

* - The hotel property includes a 50% interest in a 1.57 acre lot that is adjacent.  Additionally, there is a restaurant building on an adjoining lot that is seperately deeded and titled, that is also available for sale.  The restaurant is currently leased, and holds the remaining 50% interest in that 1.57 acre site.  The restaurant property can be purchased separately from the hotel for $ 500,000.  Both the hotel and restaurant can be purchased for $ 1,450,000.

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