La Plata County, CO Motels For Sale

50 Unit Motel
$1,875,000 Cash Flow: $271,260
50 Unit Motel

Durango, CO

50 unit Motel currently operated as an extended stay property with a minimal 4 person staff by an absentee owner. There are 5 buildings that house different room types such as single and double queens, single kings, laundry and vending. The property offers many opportunities; for example, it could easily be converted back to a nightly Motel by a more involved owner with a good high season from mid May through September, expanded to 75 rooms by purchasing the entire property or redeveloped into something completely different to take advantage of the high profile Main Street location. Revenue and expenses are management’s estimate for 2018.

Absentee Extended Stay Property
$2,875,000 Cash Flow: $232,384
Absentee Extended Stay Property

Durango, CO

Best affordable re-development site in Durango Colorado. A 75-unit Motel recently converted to a monthly extended stay property on a highly desirable and visible main street corner location. Operated absentee since 2004, the property consists of 8 buildings with outside corridors on 3 parcels and is managed with a minimal 4-person, experienced staff working 8:00 to 5:00. The property could easily be converted back to an operating Motel by a more active owner who manages rates, wages and other underperforming assets more effectively or, given the property's excellent potential, could be divided into 3 investment properties to manage, sell or incrementally re-develop.


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