1340 Big Thompson Ave Estes Park, CO 80517-8930

This exceptional 49-key hotel, the Coyote Mountain Lodge, presents a compelling investment opportunity in Estes Park, Colorado. Boasting 4,140 square feet across two stories, this property sits on a 2.21-acre lot at 1340 Big Thompson Ave, 80517, less than a mile from Lake Estes and just six miles from the renowned Rocky Mountain National Park – a destination attracting 4.5 million visitors annually. Built in 1954 and extensively renovated in 2023, the lodge features 47 individual rooms plus a separate two-bedroom, two-story condo. The property's strong performance is reflected in its current NOI of $466,513 and a 7.10% cap rate, with pro-forma figures projecting a NOI of $702,730 and a 10.65% cap rate. Recent renovations include updated guest rooms, a new roof, and the installation of solar panels, contributing to both operational efficiency and sustainability. The asking price is $6,600,000, translating to $1,594.20 per square foot. The current occupancy rate stands at 56.5%. This fee-simple ownership opportunity allows investors to capitalize on the thriving Estes Park tourism market, significantly boosted by the substantial economic impact of Rocky Mountain National Park tourism, which generated $864 million for Colorado in 2022. The property's APN is 25194-05-017. This offering presents a unique chance to acquire a well-positioned, high-growth potential hotel in a desirable location.