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.  
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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 

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local insights

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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 +/-

Multiple

51

5

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 +/-