Services - Hotels & Other Lodging | Services - Amusement & Recreation

Asking Price	$1,750,000	Inventory
Gross Income	$254,561	Real Estate
Cash Flow	$151,550	Year Established	1985
FF&E	N/A	Employees	1

* included in the asking price

** not included in the asking price

Rare Mountain Lodging Property 15 Minutes From Denver Metro Area

Marcus and Millichap is proud to present the Bear Creek Cabins of Evergreen. This mountain retreat includes eight immaculately maintained rustic mountain cabins and a large mountain home with a lock off additional unit and office. As you pull off Highway 74 and proceed across the log railed mountain bridge over Bear Creek to the lodging office nestled among tall mature trees, it is apparent that you have entered a different world. This fisherman's paradise offers the serene mountain appeal desired by outdoor enthusiasts with all the conveniences of a suburban lodging location. The magnificent rock outcropping along the banks of Bear Creek complete the mountain scene of this outstanding property. Originally built as a mountain getaway, this year round resort has established a reputation as the preferred choice for mountain lodging and has remained one of Evergreen s best kept secrets. The convenient location adjacent to the state maintained Highway 74 provides the owner the opportunity to capture significant business during the winter months. The configuration of the mountain cabins, allows this property to enjoy this easy winter access without experiencing significant adverse traffic noise. While sitting on the plush green lawn in front of the cabins along the banks of Bear Creek looking at the magnificent rock outcroppings, guest forget that the convenient highway is located on the other side of the cabins. Guests of Bear Creek Cabins enjoy all of these features and amenities in a great central location with convenient access to historic downtown Evergreen. One half mile from the property guests will find a wide variety of dining, shopping and entertainment options, in the setting of a Colorado mountain downtown.

Facilities: This spotlessly maintained property features eight cabins and a mountain home, each tastefully decorated with log furniture and oak accents. The rustic furniture, fixtures and equipment provide a relaxed mountain escape that is a welcome relief to the weary city dweller who has reluctantly become accustomed to accepting sub standard accommodations offered by other mountain properties. The impeccably maintained cabins have spacious living rooms featuring large wood burning fireplaces with large river rock hearths and chimneys.

Competition: This property has a superior market position and is poised to take advantage of a high demand segment. This property has significant potential to increase rates and occupancy. Property will easily achieve pro forma income with a targeted marketing campaign and full time management. This rare investment opportunity offers the new owner the opportunity to own a turn key property with consistent returns on current income, and, the value added potential to increase income immediately. Above listed income figures are 2008 annualized.

Growth/Expansion: Property is located in a desirable location minutes from the Denver Metro area. There is a strong demand for this type of recreational lodging. There are few well maintained log cabin properties. This property has unique appeal and is positioned well in the marketplace. A good operator who could properly market and manage the property would see a big upside. Current owners have operated the property year round on a part time basis. Reported pro-forma income figures are based on market occupancy at a conservative market rate.

Financing: SBA financing available with $175,000 Down. DOE

Support/Training: Seller has a management system in place which allows the owners to be away from the property while maintaining day to day operations. Seller will provide reasonable training to buyer.

Reason Selling: Current owner is retiring and has not aggressively marketed the property.