Ouray Hospitality for Sale
Offered at $2,950,000 | 8.7% CAP Rate. Black Bear Manor features ten tastefully appointed guest rooms and two staff rooms, each offering a full private bathroom, 9 out of 10 offer interior and exterior private entrances for privacy and comfort.
Property Improvements:
Significant capital improvements have been completed, ensuring the inn is in top condition and ready for continued success. Highlights include:
New Trex decking and balconies throughout the property
Exterior fully repainted for a fresh, inviting curb appeal
Complete transformation of Room 1 into a luxurious honeymoon suite, featuring a fully gutted and remodeled bedroom and bathroom
Two new staff lodging rooms added (one behind the kitchen and one behind the observatory, the latter fully gutted and remodeled)
Full remodel of the observatory, with all new paint, carpet, furniture, and removal of the former bar setup
Kitchen Remodel
Outdoor sitting area fully remodeled, featuring a new fountain installation
Upgraded furniture, décor, and supplies throughout
Parking lot regraded and improved for proper drainage
Roof rebuilt over hot tub
Backhoe and drainage work completed around the property
Window and windowsill repairs, along with fresh paint and new carpet in multiple units
Dining room enhancements, including new countertops and furniture
New tool shed constructed for additional storage
New ceiling fans, refreshed paint in several rooms, and bathroom upgrades
