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Award Winning Durango Bed and Breakfast For Sale with 10 Guest Rooms

Investment Grade, Cottages style located in Southwestern, Colorado

Click to view full size images.

Price: $2,300,000

Property Features:
• Historic: No
• Year Built: 1993
• Years in Operation: 11
• ADR: $157
• Occupancy Rate: 67%
• Gross Revenue: 390,000 room revenue + 40,000 additional
• Percent Furnished: 100
• Setting: Mountain Town
• Lot Size: 4.5 acres
• Square Feet: 7000
• Guest Rooms With Bath: 10
• Common Areas: Dining, Living Room, Outdoor Grounds
• Jacuzzi: 5
• Fireplace: 5
• View Images

Owners Quarters: Yes
• Separate Structure: Yes
• Bedrooms: 2
• Bath Rooms: 2
• Square Feet: 1300 Total - Bedroom Suite & Garage Apt.
• Garage: 2 car detached

Property Description:
About the Inn

One of a handful of investment grade inns in the state, The Apple Orchard Inn has been pre-approved for an 80% SBA 504 loan and commercial bank in Durango. Consistently profitable, well-managed and ready for new owners, you will not find a better investment opportunity to own a bed and breakfast in one of Colorado's most exciting locations.

Sunset Magazine calls Apple Orchard one of the West’s 24 Best Inns. The main house, built in the early 90's, has 4 guest rooms on the second floor. The heart of the home is the huge open kitchen, and for many years, the owners have enjoyed serving up great breakfast fare and it is clear that they have much enjoyed visiting with the guests who have gathered round the dining table for spirited conversations.

The 4.5 acre property is located approximately midway between downtown Durango and the nearby ski area, Durango Mountain. It is beautifully landscaped, and gardening has provided much enjoyment for the owners over the years. They will tell you that they spend more time living outside than they do inside, and the grounds reflect this attention to the outdoor areas where one will find a profusion of flowers and other plant life, two ponds and a creek that meanders through. It is spectacular!

The owner's have chosen to live in the inn in a one bedroom suite that is located just off the kitchen area. However, there is also a very cute apartment suite located over the detached garage that has never been occupied other than for the occasional visiting family member.

There are six cabins that are nestled amidst the flowers and trees. All are in tip-top shape, and reflect a designer's sense of the way luxurious accomodations SHOULD be. There is no deferred maintenance, updating, troubleshooting of any kind necessary on this property. It truly is a "turnkey" operation, with good cash flows, and a smart price at 2.3 million.

Financials are available on this property. 80% financing should be offered on this property for qualified buyers with good credit and related experience through the SBA. Please call Roxanne Kolbe at 303-916-8660 for details.

About the Area

Durango is one of those special places in Colorado that is unforgettable. Surprisingly sophisticated, this town with a year round population of 16,000+ boasts nearly as many dining establishments per capita, as San Francisco! The downtown area on the National Historic Register, retains its Victorian charm, and teems with galleries, great shopping and other entertaining pursuits.

Wander just a few miles outside of town, and a world of outdoor activities awaits; world class downhill skiing, mountain biking, gold medal trout fishing, and river rafting/kayaking to name just a few. And, with an average of 300 days per year of sun, the weather almost always cooperates to make this a premier resort destination in Colorado. It's our pick for one of the best locations in Colorado to own and operate a bed and breakfast, as this area just continues to attract both new residents and visitors alike. Real estate values in the area continue to climb, making it one of the healthiest real estate markets in the state.

There's always something to do in Durango, and the town's event calendar is typically packed with activities year round. Its proximity to Mesa Verde National Park (one million visitors per year), and the home of the Old Durango & Silverton Narrow Gauge Railroad (200,000 riders per year) are but two of the local area draws that serve to bring a continuous plethora of visitors from all over the world.

Here's what's being said about Durango:

Destinations Magazine calls Durango a Creative Haven.

Mountain Bike Magazine ranks Durango under Best Fans, Best Promoter, Ed Zink, and Coolest Dirt Destination.

Hooked on the Outdoors places The Iron Horse Bicycle Classic and Animas River Days as “Can’t Miss Events”.

Foder’s adds Durango to its Choice Destination list.

The Capitol Journal states, “a few things in this life almost defy description: you simply must live them. A ride on the Durango and Silverton Narrow Gauge Railroad fits very comfortably into that category.”

Paddler ranks Durango in the Top 10 Best Whitewater Towns.

Western Style states, “Vallecito Lake is considered to be one of Colorado’s most beautiful lake resorts.” And calls Durango a “must see.”

Sports Illustrated for Women ranks Durango as the Best Mountain Biking.

Hooked on the Outdoors “Most classic boots, bike and boat travel in the southwest.” Bike: Molas Pass with soaring scenery and trail cracking 11,000 feet make this one a classic, even for Durango standards.

Hooked on the Outdoors “Hot Winter Sports”, Durango Mountain Resort boasts an average of 260 inches of white stuff and more than 300 bluebird skies per year.

Outside Magazine ranks Fort Lewis College among America’s top 40 colleges and universities.

Princeton Review ranks Fort Lewis College among best western colleges.

Where to Retire ranks Durango in the top 8 for Great Towns for Art and Music.

Society of American Travel Writers ranks Durango and Silverton Train ride as Top 10 most exciting train journeys in the world.

Ski Magazine ranks Durango #1 for weather.

Outside Magazine ranks Durango as Top 15 sports towns.

Ski Magazine ranks Durango in the Top 10 most livable ski towns in America.

Ski America stamps Durango as a hidden gem.

Mountain Bike Magazine lists Durango to Silverton ride as a sample of great rides.

4-Wheel Drive and Sport Utility states, “The San Juan Jeep trails are the most beautiful and the most popular alpine four wheel drive trails in America.”

Colorado Biz notes some of the better known bike tours and lists The Iron Horse Bicycle Classic.

Horizon Air Magazine ranks Durango area for Best Wildflower Viewing.

Mountain Bike Magazine ranks Durango in the Top 10 Best Mountain Bike Towns.

Fitness Plus states, “ Durango is an outdoor paradise, it is Colorado’s secret hideaway, an old mining town , Durango is the perfect summer getaway.”

Area Links:
• Business Info
• Durango Train
• River Rafting
• Mesa Verde
• White Water Rafting
• Fly Fishing
• Art Gallery
• Hot Springs
• Planning Trips
• Ski Area
• Area Activities
• Local Weather
• Activity Calendar
• Theatre
• Horseback Riding
• Balloon Rides
• Rock Climbing

Click here to view full size images.

Price: $2,300,000

Contact:
• Becky Goldsmith
• Office Phone: 720-979-3184
• Cell Phone: 720-979-3184
• Fax: 720-746-2858
• becky@innmatchmakers.com

About the Broker

Becky Goldsmith is an experienced inn broker in Colorado. She has helped many inn buyers and innkeepers realize their dreams.

Becky spent the bulk of her career in the hospitality services, and transitioned into real estate brokerage about 6 years ago. Becky is a member of the Professional Association of International Innkeepers (PAII) and the Colorado Bed and Breakfast Innkeeper's Association (BBIC). She currently teaches a class entitled "The Ins and Outs of Innkeeping" at Colorado Free University. For scheduling information, go to www.freeu.com.

The following is a list of inns which Becky has brokered in Colorado:

The Hardy House (renamed the All Aboard Inn), Georgetown
Climbing Cub, Divide
The Sodbuster Inn, Greeley
2300 Downing Street, Denver
The Cascade Escapes (renamed the Blue Spruce Inn), Cascade
Willow Pond Bed & Breakfast, Grand Junction
The Ice Palace Inn, Leadville
River Spruce Cottages, Estes Park
The Western Skies, Keystone, CO
The Abriendo Inn, Pueblo, CO
The Sodbuster Inn, Greeley (resale)
The Anniversary Inn, Estes Park
6667 Highway 36, Estes Park (conversion)

Lease Options
The Plains Hotel, Cheyenne Wells
The All Aboard Inn, Georgetown