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Red Mountain Inn 51637 Highway 6 40 Room Hotel Glenwood Springs, CO 81601 $9,234,400 CAD ($230,860 CAD/Room) 8.91% Cap Rate
Investment Highlights
- 8.91% Cap on Actuals
- No Deferred Maintenance
- 41 Units- 80% Occupied
- $700,000+ of Cap Ex
Executive Summary
Olive Real Estate Group is pleased to present Red Mountain Inn & Suites for sale, a prime investment opportunity in a booming mountain town.
Located in Glenwood Springs, Colorado, the property consists of 41 extended-stay units, several of which are free-standing buildings. Each unit features a kitchen or kitchenette with full-size refrigerators, catering to long-term and workforce housing demand.
Over $700,000 in capital improvements have been completed within the past three years, creating a well-maintained, turn-key investment opportunity. With on-site management in place, the asset offers operational stability in a market characterized by strong demand and limited workforce housing availability.
The property benefits from a park-like setting and includes additional land behind the existing structures, offering potential for future expansion or redevelopment.
Red Mountain Inn & Suites is primarily operated on a month-to-month basis, providing flexible housing in a highly desirable market where median residential list prices exceed $912,000 (approximately $508 per square foot).
Unlike traditional hospitality assets, the property has historically maintained strong occupancy and consistent demand, often supported by a waiting list as units become available.
This is a rare opportunity to invest in a high-demand submarket with limited competition in the extended-stay and workforce housing segment.
$6,800,000 Asking Price
8.91% Cap Rate on Actuals
41 Extended-Stay Units
80% Current Occupancy
Turn-Key Operation with On-Site Management
No Deferred Maintenance
Expansion / Development Potential
Strong Workforce Housing Demand
Located in Glenwood Springs, Colorado, the property consists of 41 extended-stay units, several of which are free-standing buildings. Each unit features a kitchen or kitchenette with full-size refrigerators, catering to long-term and workforce housing demand.
Over $700,000 in capital improvements have been completed within the past three years, creating a well-maintained, turn-key investment opportunity. With on-site management in place, the asset offers operational stability in a market characterized by strong demand and limited workforce housing availability.
The property benefits from a park-like setting and includes additional land behind the existing structures, offering potential for future expansion or redevelopment.
Red Mountain Inn & Suites is primarily operated on a month-to-month basis, providing flexible housing in a highly desirable market where median residential list prices exceed $912,000 (approximately $508 per square foot).
Unlike traditional hospitality assets, the property has historically maintained strong occupancy and consistent demand, often supported by a waiting list as units become available.
This is a rare opportunity to invest in a high-demand submarket with limited competition in the extended-stay and workforce housing segment.
$6,800,000 Asking Price
8.91% Cap Rate on Actuals
41 Extended-Stay Units
80% Current Occupancy
Turn-Key Operation with On-Site Management
No Deferred Maintenance
Expansion / Development Potential
Strong Workforce Housing Demand
Property Facts
| Price | $9,234,400 CAD | Building Size | 18,000 SF |
| Price Per Room | $230,860 CAD | No. Rooms | 40 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.91% | Year Built/Renovated | 1945/2022 |
| Property Type | Hospitality | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.42 AC | ||
| Zoning | M1 | ||
| Price | $9,234,400 CAD |
| Price Per Room | $230,860 CAD |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.42 AC |
| Building Size | 18,000 SF |
| No. Rooms | 40 |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2022 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | M1 |
Amenities
- Outdoor Pool
- Destination Resort
- Public Access Wifi
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $290.61 CAD | - |
| Guest Room | 39 | $156.17 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R100051 | Improvements Assessment | $242,805 CAD |
| Land Assessment | $549,034 CAD | Total Assessment | $791,839 CAD |
Property Taxes
Parcel Number
R100051
Land Assessment
$549,034 CAD
Improvements Assessment
$242,805 CAD
Total Assessment
$791,839 CAD
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Red Mountain Inn | 51637 Highway 6
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