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23 Cabin Family Style Resort For Sale Nestled Adjacent to Rocky Mountain National Park

Investment Grade, Cabin style located in Northern, Colorado

Click to view full size images.

Price: $3,500,000

Property Features:
• Year Built: 1950's
• Years in Operation: 50+
• ADR: $167 ($230 in summer months)
• Occupancy Rate: 46% (89% in summer months)
• Gross Revenue: 785,000
• Percent Furnished: 98
• Setting: Mountain
• Lot Size: 13 acres
• Square Feet: 28,000
• Guest Rooms With Bath: 23
• Hot Tub: 4 (3 are private)
• Jacuzzi: 3
• Pool: Yes
• Fireplace: 25
• View Images
• Virtual Tour

Owners Quarters: Yes--2
• Separate Structure: Yes--Both
• Bedrooms: 3
• Bath Rooms: 2
• Square Feet: 2900 and 1800 SF
• Garage: Several garage and storage areas located throughout the property.

Special Financing Available:
• Seller Carry: Yes

Property Description:
Valhalla Resort is a family style hospitality property for sale located in Estes Park, Colorado. Just 1.5 hours from Denver and it's airport, and less than one hour from Fort Collins, Valhalla hosts many families that return here year after year.

The resort, situated on 13 acres of treed terrain, consists of a collection of 23 cabins, an activity center and pool, and 2 separate, spacious owner's quarters. Additionally, there are two cabins that are rented out by the resort under a revenue sharing arrangement with the owners. There is a total of approximately 28,000 square feet of buildings. The property has been well maintained, and is fully staffed.

There are a total of seven units with king beds, six units with either jacuzzi or hot tub, and all units are appointed with fireplaces.

Although particularly busy during the summer months, and with occupancy rates that approach 90% during the summer, the resort does operate year round. While many of the smaller hospitality properties in the area are closed down, Valhalla maintains it's off-season occupancy by offering attractive winter rates.

There are two owners quarters. The first is a 2900 SF two story building which includes the office/laundry area and is configured with 3 bedrooms and 2.5 baths. The second is an 1800 SF 3 bedroom 2 bath ranch style home.

This investment grade hospitality property for sale has been priced on an income multiple, and offers new owners a long term stable income stream that has increased steadily each year. Net operating income averages $350,000 per year for owner operator.

Financing Attractive financing terms are being offered to buyers with good credit from the local bank that currently holds the loan. Amount of down payment varies depending upon buyer's background, but for most buyers should approximate 20-25%. Interest rates 6.5% five year fixed. Call for more details.

About the Area

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.

Boasting an event calandar that would put most small towns to shame, Estes Park swells to capacity in the summer with visitors from all over the world. Many are traveling with their families, for the area offers boundless opportunities for family fun. Valhalla resort has done a great job of capturing this market, and the property is particularly well suited for the traveling family, offering many different cabin configurations and pricing options.

Rocky Mountain National Park and Roosevelt National Forest surround the village of Estes Park with spectacular mountain scenery, abundant wildlife habitat, nearly 360 miles of hiking trails and scenic drives including Trail Ridge Road over the Continental Divide and the Peak to Peak Scenic Byway.

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

Click here to view full size images.

Price: $3,500,000

Contact:
• Roxanne Kolbe/Becky Goldsmith
• Cell Phone: 720-979-3184, 303-916-8660
• Fax: 720-746-2858
• becky@innmatchmakers.com, roxanne@innmatchmakers.com

About the Brokers

Roxanne Kolbe and Becky Goldsmith are experienced inn brokers in Colorado who have helped many inn buyers and innkeepers realize their dreams. Considered one of the top inn broker teams in the country, each year the duo successfully brokers a number of speciality hospitality properties.

Their combined skill sets make a terrific package. Roxanne has nearly 30 years experience in national sales and marketing, financial analysis, and real estate brokerage. Becky spent the bulk of her career in the hospitality services, and transitioned into real estate brokerage about 7 years ago.

The team has represented buyers, sellers (or both!) in the following list of bed and breakfast inns for sale:

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, CO (resale)
The Anniversary Inn, Estes Park
6667 Highway 36, Estes Park (conversion)

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