Spanish Trails Inns & Suites

3141 Main Ave, Durango, CO

about spanish trails inns & suites

INDEPENDENT property (no franchise fees). Location, location, location - easy access and great street visibility. Durango is a very sought after market - the is still a diamond in the rough.  Property was originally 71 units but split and sold and is now a 51 unit property with mixed rooms of singles, kings, doubles and a couple of apartments.  Units are being rented out as weekly and nightly sales. There is a 1 bedroom manager's quarters.  All units have new microwaves, refrigerators, some have new HVAC's and/or AC's, flooring, upgraded hard goods, and Flat screen Tv's.  This property could easily be turned into monthly apartments.  

Property Highlights

THE OFFERING

  • Recently remodeled (2018 / 2019)
  • New Commercial Laundry Room
  • New Guest Coin-Op Laundry
  • Upgraded Parking Lot & Exterior Paint
  • Room Upgrades
  • Security Cameras all around property with main screen in office 

local insights

 

Price

2020 ADR

2020 RevPAR

2020 Occupancy

Sale

Type

Prop. Type

Lot Size

Bldg Size

No. Rms

Bldgs

Year Built

Upgraded

Corridor

Zoning

APN/Parcel ID

$3,550,000

$45.98 +/-

$28.74 +/-

62.51% +/-

Investment

Hospitality

Motel

0.92 AC +/-

35,000 SF+/-

51

1

1958

2018 / 2019

Exterior

MU - A

R430540

Interested in this property!?

Price 

Sale

Type

Prop. Type

Lot Size

Bldg Size

No. Rooms

Bldgs

Year Built

Upgraded

 

                   

$3,550,000

Investment

Hospitality

Motel

0.92 AC +/-

35,000 SF +/-

51

1

1958

2018/2019

 

                  

Corridor

Zoning Type

APN/Parcel ID

2020 ADR

2020 RevPAR

2020 Occupancy

Rm Rev w/o Tax

                   2020     

                   2019

                   

              

Exterior

MU-A

R430540

$45.98 +/-

$28.74 +/-

62.51% +/-

SPANISH TRAILS INNS & SUITES - DURANGO, CO

$441,670 +/-

$423,363 +/-