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Sold! Serene Lakeviews from this Historic Log-Built Bed and Breakfast for sale in Estes ParkSold, Log style located in Northern, Colorado
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Price: $850,000
Property Features:
• Historic: Yes
• Year Built: 1906
• Years in Operation: 25
• Occupancy Rate: 30
• Gross Revenue: 50k to 80k
• Percent Furnished: 95
• Guest Rooms With Bath: 4
• Common Areas: Living, Library, Dining
• Jacuzzi: 3
• Pool: No
• Fireplace: Yes
• View Images
Owners Quarters: Yes
• Separate Structure: Yes
• Bedrooms: 3
• Bath Rooms: 2.5
• Square Feet: 1400
• Garage: One Car Attached
Property Description:
The scent of pine trees wafts through the air at the lovely Anniversary Inn in Estes Park. Situated on a pine tree-covered gently sloping lot, The Anniversary Inn has been hosting guests from all over the world for many years.
Estes Park sits just outside the Rocky Mountain National Park, Colorado's most popular tourist destination and visited by over 3 million people each year. As such, Estes Park enjoys the highest average ADR's in Colorado. Famous for the elk that venture down from higher altitudes in the fall and meander through the town, many hospitality properties in Estes Park operate year round, and winter visitors come up to the park to cross country ski, snowshoe and hike. There are also many festivals and other activities that bring visitors to the area.
The Anniversary Inn was built in 1906 out of rough hewn logs, and its warmth surrounds you the minute you step inside the b&b. Designed with a sweeping wraparound enclosed veranda, there are views of the adjoining lake from nearly every window. Completely renovated in 1987, there are three guest rooms in 2449 SF main house (two with whirlpool baths), with several common areas that are available for guest use. There is also a 412 SF guest cottage on the property which was renovated in 1991.
The 1570 SF owner's quarters, built in 1991, consists of a three bedroom, 2.5 bath cottage built on two levels. Appointed with vaulted ceilings, moss rock fireplace and wraparound decks, there are views of the lake as well.
This lovely lifestyle property is zoned for six rooms, so adding guest rooms or restructuring its current layout is possible for new owners who wish to reconfigure.
The real estate and FFE were appraised in 2000 for $765,00 and $24,500 respectively, and the owner is happy to share the appraisal with interested parties.
Revenues over the past 7 years have averaged between approximately 50k to 80k, depending upon occupancy. The current owner choose to close the inn for 3 months out of the year, and revenues reflect this management decision.
Area Attractions
Estes Park Information
Estes Park Horseback Riding
Estes Park Golf
Fishing
Local Amusements
Rocky Mountain National Park
Explore Rocky Mountain National Park
Wikepedia
Hiking
Event Calendar
Price: $850,000
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
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© 2008 InnMatchmakers.com
Phone: 303-916-8660 • Phone: 720-979-3184 • Fax: 720-746-2858
8968 N. Awl Road •
Parker, CO 80138
contact@InnMatchmakers.com
Thursday, July 24, 2008 - Under License by the12volt.com®
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