Overview
- Prime Investment Properties announced the sale of the 27‑room independent hotel for $2,700,000, equal to $100,000 per key.
- The two‑story property, built in 1960 and recently renovated, includes some rooms with kitchens, standalone cottages, a hot tub, an outdoor pool, and multiple patios.
- The hotel sits on 1.20 acres with ample parking along U.S. Highway 50, offering strong visibility near the Arkansas River, Monarch Mountain, and San Isabel National Forest.
- IMPRINT Hospitality owned and managed the asset before the transaction, and broker Dan Emert highlighted renovation or expansion potential for the next owner.
- Market data cited with the sale show occupied room nights up 2.4% year over year in the Colorado Southwest submarket, with Salida’s population projected to grow 9.24% through 2029.