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1702 E Main St
Montrose, CO 81401

$3,875,000 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
0 Transit Score
62 Walk Score

Description

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

Diversified Boutique 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 20-spot RV park (Will be delivered Entitled – ready to build)
An optional Boutique Bed & Breakfast add-on, fully subdivided and ready 2025

Positioned just minutes from Montrose Regional Airport (direct flights from Denver, DFW and other major airports) and nestled between popular destinations like Telluride, Ouray, Ridgway, and the Black Canyon National Park.   This property is ideally located to capture year-round tourism, outdoor recreation, and drive-to traffic.

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 70% yearly occupancy
Attractive basis: Priced at only $65,000 per key
Recent capital improvements of $300,000+, including:
New PTAC units (17 Rooms)
Foundation and structural upgrades
Framing, plumbing, and new paint
New exterior paint

Modernized guest amenities:
Renovated lobby with indoor/outdoor seating
Business center & fitness room
Restrooms with showers
Flexible branding: keep or remove Wyndham flag

RV Clubhouse Features: (ONCE BUILT)
22 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 NOI: $140,000 – $150,000 annually

Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists

Existing Bed & Breakfast Expansion Opportunity (Subdivision Finalizing November 2025)
7-room suite B&B with private entrances and en-suite bathrooms
NOI $150,000 AirDNA
Total area: 3,700 SF | Lot size: 0.57 Acre
Designed for upscale short-term rental or hosted stays

Features include:
Guest check-in station
Outdoor pool
Covered cooking area with built-in hood & fireplaces
Can be operated independently or as an upscale extension of the main property

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

Investment Summary:

Component Key Metrics

Lodging Property
58 rooms  Offered at $3.800M  + RV Land $400k

RV Park - Sold Separately ($400,000) Value
22 spots, projected income $200K+

7 Bedroom Short Term Rental
3,700 SF on 0.57 acres, 4 private suites (Offered at $585k)

Total Acreage
3.82 Acres (combined)

Branding Option
Franchise (Wyndham) or Go Independent

Why Invest Now?
Peak tourism season approaching
Value-add NOI upside projected $185k yearly -  with flexible branding & B&B launch
High-demand hospitality submarket with growing regional traffic
Diversified revenue streams from rooms, RV, and boutique hospitality

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