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1702 E Main St
Montrose, CO 81401

$3,850,000 USD

Hotel For Sale  •  36,566 SF

Property Details

  • Property Type Hotel
  • Total Building Size 36,566 SF
  • Lot Size 3.24 AC
  • Building Class C
  • Year Built 1956
  • Zoning B2
30 Transit Score
30 Walk Score

Description

Rare Investment Opportunity: Lodging & RV Park – Montrose, CO

Diversified Hospitality Asset in a Booming Colorado Destination
This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado’s most scenic and rapidly expanding markets—Montrose. This rare investment opportunity combines:
•             A 58-key lodging property
•             A fully equipped 23-spot RV park (Will be delivered Entitled – ready to build)
Lodging Property Highlights:
•             Size: 32,866 SF | Acreage: 3.25 Acres
•             58 exterior corridor rooms
•             Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy
•             Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land
•             Recent capital improvements of $300,000+, including:
o	New PTAC units (17 Rooms)
o	Foundation and structural upgrades
o	Framing, plumbing, and new paint
o	New exterior paint
o	Modernized guest amenities:
o	Renovated lobby with indoor/outdoor seating
o	Business center & fitness room
o	Restrooms with showers
o	Flexible branding: keep or remove Wyndham flag

RV Park Features (ONCE BUILT):
• 23 dedicated RV spots with individual hookups
• Shared access to top-tier guest amenities: - (Club House - Already Built)
• Lounge area
• Laundry room
• Fitness center
• Restrooms & showers
• Indoor/outdoor dining area
• Stabilized projected NOI: $125,000 – $150,000 annually
• Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists
• RV park permitted use will be complete 04/30/26. 
City is in the process of upgrading sewer line. RV park cannot tie into the sewer line until November 2027.
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Location Advantages:
•             Minutes from Montrose Regional Airport – Direct Flights From Denver, DFW
•             Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison
•             A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers
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Investment Summary:
Component Key Metrics
Lodging Property
58 rooms Offered at $3,975,000
RV Park
22 spots, projected income $125,000 $150,000k
Total Acreage: 3.82 Acres (combined)
Branding Option
Franchise (Wyndham) or Go Independent with low Liquidated Damage
________________________________________
Why Invest Now?
•             Peak tourism season approaching
•             Value-add NOI upside projected $125,000-$150,000k yearly 
•             High-demand hospitality submarket with growing regional traffic
•             Diversified revenue streams from rooms and RV launch

Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.

Highlights

• A 58-key lodging property
• A fully equipped 20-spot RV park (Will be delivered Entitled – ready to build)
• An optional Boutique Bed & Breakfast add-on, fully subdivided and ready July 2025

Property Flyers

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Montrose Regional 11 min - 4.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 84
Type: Surface
Included in Rent: Yes
Katie Davis 970-778-5083 Bray & Co. Commercial
Katie Davis 970-778-5083 Bray & Co. Commercial