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2930 Main Ave
Durango, CO 81301 Downtown Durango

$5,550,000 USD

Hotel For Sale  •  17,691 SF

Property Details

• Property Type Hotel
• Total Building Size 17,691 SF
• Lot Size 0.72 AC
• Building Class C
• Year Built 1983
• Cap Rate 8.80 %
• Zoning Commercial

30 Transit Score

50 Walk Score

Highlights

Diverse Durango Demand Generators: Durango pulls demand from the Narrow Gauge Railroad, Mesa Verde, Fort Lewis College, the Animas River corridor

Ideal Owner Operator Opportunity: Includes a renovated 1 bedroom / 1 bathroom living quarters, allowing an owner operator to live on site

Strong Trailing 12 Performance: Recent T-12 revenue reflects healthy topline performance, with Durango holding strong despite broader softness

Purgatory Resort Year Round Impact: Purgatory Resort drives significant winter ski traffic and strong summer visitation through mountain biking

Upcoming Choice Repositioning Window: Approaching Choice’s conversion window offers lower liquidated damages and strong brand conversion economics

Regional Gateway Location: The market also benefits from major events, key employers, and its role as a gateway to the San Juan Mountains, Telluride

Cap Rate:

8.80 %

Amenities

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

Public Transportation

Airport	Drive	Walk	Distance
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