Inn the Clouds Hostel & Inn | 500 E 7th St
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Inn the Clouds Hostel & Inn 500 E 7th St
14 Room Hostel Leadville, CO 80461 $1,500,000 ($107,143/Room) 14.78% Cap Rate
Investment Highlights
- Prime location in Leadville, CO, close proximity to renowned ski resorts for yearround recreational opportunities
- Newly remodeled building (#2) including an additional room
- Diverse mix of accommodations, offering flexible lodging options, ideal for solo travelers, groups, and families alike
- Spacious lot over 10,000 SF
- On-site laundry facilities
- High demand for affordable lodging in Leadville, CO
Executive Summary
Inn the Clouds Hostel & Inn is a hospitality property featuring 14 rooms located in the heart of Leadville, CO. This well-established property offers tremendous potential for a new owner seeking to enter or expand their presence in the thriving hospitality industry.
This well-established property offers both dorm-style accommodations and private ensuite rooms catering to a wide range of travelers. Property is composed of two buildings total and resides on a sizable corner lot of over 10,000 SF.
The main building houses 11 rooms and the second building houses 3 rooms. There are multiple common areas for guests to enjoy which include two family rooms, spacious kitchen, and dining room. There is a manager’s office bordering the only apartment unit on site, which is currently used as the manager’s living quarters.
There is a coin-operated laundry room (2 washers & 2 dryers) for guests along with an employee laundry facility (1 washer & 1 dryer).
Heating is a mix of furnace and electric heat. The main building is heated by two furnaces, one of which is new. The second building is heated through electric. There is ample off-street parking surrounding the building.
This well-established property offers both dorm-style accommodations and private ensuite rooms catering to a wide range of travelers. Property is composed of two buildings total and resides on a sizable corner lot of over 10,000 SF.
The main building houses 11 rooms and the second building houses 3 rooms. There are multiple common areas for guests to enjoy which include two family rooms, spacious kitchen, and dining room. There is a manager’s office bordering the only apartment unit on site, which is currently used as the manager’s living quarters.
There is a coin-operated laundry room (2 washers & 2 dryers) for guests along with an employee laundry facility (1 washer & 1 dryer).
Heating is a mix of furnace and electric heat. The main building is heated by two furnaces, one of which is new. The second building is heated through electric. There is ample off-street parking surrounding the building.
Property Facts
| Price | $1,500,000 | Lot Size | 0.32 AC |
| Price Per Room | $107,143 | Building Size | 7,586 SF |
| Sale Type | Investment | No. Rooms | 14 |
| Cap Rate | 14.78% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1970 |
| Property Subtype | Hostel | Parking Ratio | 2.11/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $1,500,000 |
| Price Per Room | $107,143 |
| Sale Type | Investment |
| Cap Rate | 14.78% |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,586 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | $115.00 | - |
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PROPERTY TAXES
| Parcel Number | 263324307008 | Improvements Assessment | $92,770 |
| Land Assessment | $23,238 | Total Assessment | $116,008 |
PROPERTY TAXES
Parcel Number
263324307008
Land Assessment
$23,238
Improvements Assessment
$92,770
Total Assessment
$116,008
zoning
| Zoning Code | R2 |
| R2 |
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Inn the Clouds Hostel & Inn | 500 E 7th St
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