1535 Riv Frontage Rd, Silt, CO 81652-8631
- Hotels
- 41,652 SF
Current Use by Public Records
- Holiday Inn Express & Suites Silt-Rifle, an IHG Hotel / Hotel & Motel
Property Details for 1535 Riv Frontage Rd
- Year built
- 2009
- Construction
- METAL FRAME
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 217910140003
- APU
- 217910140003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 23, 2026 | — | 153 River LLC | Tara Gautam | Special Warranty Deed | — |
| Oct 17, 2025 | $350,000 | Tara Gautam | Town Of Silt | Special Warranty Deed | — |
| Feb 3, 2025 | — | 153 River LLC | Goral Holdings LLC | Quitclaim Deed · related | — |
| Jan 28, 2025 | — | 153 River LLC | — | Deed · related | $5.5M · Little Horn State Bank |
| Sep 6, 2022 | — | Goral Holdings LLC | Rio West Hospitality INC | Quit Claim Deed · related | — |
| Jul 30, 2019 | — | Goral Holdings LLC | — | Deed · related | $2.7M · Alpine Bank |
| Dec 31, 2015 | — | Town Of Silt | Johnson Silt Property LLC | Grant Deed | — |
| Mar 24, 2015 | — | Rio West Hospitality INC | Silt Hospitality LLC | Quit Claim Deed · related | — |
Description
This 80-key Holiday Inn Express, built in 2009, is a value-add investment opportunity located at 1535 River Frontage Rd, Silt, CO 81652. The 41,652 square foot, three-story hotel boasts a strong location off I-70, Colorado's second busiest highway, and offers significant upside potential. Currently operating at 52.2% occupancy (as of December 31, 2023), the property generates a Net Operating Income (NOI) of $916,453, representing an 11.46% cap rate and a price per key of $100,000. The asking price is $8,000,000, or $192.07 per square foot. Recent capital expenditures totaling approximately $200,000 include new carpeting, wallpaper, repainted stairwells and 18 rooms/bathrooms, a new heating system for the pool and hot tub, a new backflow system, a new telephone system, a new fire panel, sump pumps, stucco repairs, and new RFID locks. The property sits on a ground lease expiring February 12, 2047 (23 years remaining), currently costing $6,000 annually. The hotel benefits from its proximity to outdoor recreation, including the Colorado River, Rifle Gap State Park, and numerous other attractions. Silt's location near Glenwood Springs and Aspen provides access to a strong RevPAR market. Note that a plumbing issue resulted in approximately six weeks of downtime in winter 2023. The property is located in an Opportunity Zone. The city of Silt has expressed interest in selling the land. A 15-year license from IHG is attainable.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Silt
- County
- Garfield
- State
- Colorado
- Longitude
- -107.648
- Latitude
- 39.5428
- CBSA code
- 24060
- CBSA name
- GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA
