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2930 Main Ave
Durango, CO 81301 Downtown Durango

$5,895,000 USD

Hotel For Sale  •  17,691 SF

Property Details

  • Property Type Hotel
  • Total Building Size 17,691 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1983
  • Zoning Commercial
0 Transit Score
76 Walk Score

Description

Exceptional Investment Opportunity in Durango, CO, a thriving tourist hub, a college town, and a growing economic center—all factors that contribute to its robust hospitality sector. Conveniently located on the US Highway 550, this property is perfectly positioned to cater to both travelers and locals.  The address takes advantage of the high-traffic North Main corridor—just minutes from historic downtown, Fort Lewis College, the Durango & Silverton Narrow Gauge Railroad, and Purgatory Ski/Bike Resort.  The facility has enjoyed recent capital improvements and updated guest accommodations, making it an ideal candidate for continued hospitality use or conversion into apartment living. The growing demand for residential housing in Durango, coupled with this property's two separately deeded parcels and excellent location, makes it a promising option for redevelopment into much needed affordable housing. The Quality Inn offers strong brand recognition, consistent performance, and a prime location. Backed by the powerful Choice Hotels reservation system, marketing network, and guest loyalty program, this franchise hotel benefits from built-in demand and brand support. This well-established, franchise-branded hotel in the heart of one of Colorado’s most beloved year-round destinations.  This turnkey hospitality asset features 48 guest rooms with recent updates and modern conveniences. The guest rooms are composed of 28- two queens; 7- single queens; 13- single kings (one ADA compliant). In addition, there is a 1-bedroom apartment offering flexibility for additional income or on-site manager quarters. Recent updates include new roofs on all three building; new deck canopy on porte-cochère; exterior paint; new walkway landings on all three buildings; camera system; community washer and dryer; new commercial kitchen; remodeled and updated spaces including the lobby, office, breakfast area, guest rooms, and apartment. This well-maintained property with amenities including complimentary breakfast area, guest laundry, WiFi access system throughout the property, and on-site parking. Strong occupancy history and operational efficiencies. The property is located along the North Main corridor with easy access to numerous restaurants and the Durango river trail.  Whether you're an experienced hotel operator or looking to expand your portfolio in a dynamic market, this Quality Inn offers immediate income with long-term growth potential. Out of respect for the business and its employees, please refrain from contacting or disturbing hotel staff for information about this listing. All inquiries should be directed to the agents.

Highlights

Thriving tourist hub and college town
Backed by Choice Hotels Reservation System, marketing network and guest loyalty program
Located on North Main Corridor with easy access to the Durango River Trail and many restaurants

Amenities

  • Business Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fiber Optic Internet
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Durango-La Plata County 26 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 64
Type: Surface
Included in Rent: Yes
John Wells 970-410-3653 The Wells Group Real Estate Brokerage
John Wells 970-410-3653 The Wells Group Real Estate Brokerage