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
Price2020 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 +/-