The Lodge at New Castle

781 Burning Mountain Ave, New Castle, CO

about the lodge at new castle

Why THE LODGE AT NEW CASLTE as your next investment? Authentic, historical town with a flare of modern opportunities.​

LOCATED on the Western Slope of the Rocky Mountains, 173 miles west of Denver,   New Castle rests at 5,550 feet elevation.​ New Castle is bordered on the north by 7,000 acres of Bureau of Land Management lands and 20,000 acres of White River National Forest lands.​ South of Town are 11,000 acres of protected Division of Wildlife properties.​ Wildlife is a natural wonder to this part of Colorado.​ Deer and elk population as well as black bear and mountain lion inhabit these mountainous terrains.​ The Colorado River flows through Town, presenting wonderful opportunities for trout fishing, white water rafting and kayaking, and wildlife viewing.​ World-class alpine and cross-country skiing and snowboarding, big game hunting, boating, snowmobiling, wilderness hiking and camping, mountain biking—all are in New Castle’s backyard.​ 

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Property Highlights

THE OFFERING

  • Indoor pool / hot tub
  • Modern Conveniences - flat screen TV's , WiFi, upgraded hard goods, microwaves/fridges 
  • GREAT I-70 Access and Visibility
  • Nearby gas station/convenient store, grocery store and restaurants
  • Minutes from year round activities

local insights

Interested in this property!?

Price 

Sale

Type

Prop. Type

Lot Size

Bldg Size

No. Rooms

Bldgs

Year Built

Renovated

 

                   

$3,850,000

Investment

Hospitality

Hotel

1.86 AC +/-

24,142 SF +/-

51

1

2002

2018

                  

The Lodge at New Castle Website
City of New Castle
Garfield County Website
Visit New Castle, CO

Corridor

Zoning Type

APN/Parcel ID

2019 ADR

2019 RevPAR

2019 Occupancy

Rm Rev w/o Tax

                   2019     

                   2018

                   

              

Interior

Commercial

R790066

$77.98+/-

$ +/-

98.04% +/-

THE LODGE AT NEW CASTLE - NEW CASTLE, CO

$857,797 +/-

$855,095 +/-

 

DOWNLOAD OM NOW!

sale notes

Sale of Hotel Business

  • FF&E & Building - $2,650,000
  • Owner shall finance ~$1,987,500 with approved credit, 25% down ($662,500 +/-)
  • 20 year amortization, 5.5% per annum, (P&I $13,671.76 +/- per month)
  • 5 year balloon

LAND is being sold as follows:

  • Land Price $1,200,000
  • Payments are 8% of gross room revenue without room sales tax
  • Payable Monthly, adjusted annually, no interest on land
  • Initial payment based on 2019 revenue - $5718.66 per month