Rimrock Hotel - Naturita Co

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Western Montrose County Preferred Hotel
Asking Price:
$2,750,000

Gross Revenue:
$966,500
Cash Flow:
$806,055
EBITDA:
$309,632
Inventory:
$10,000
not included in asking price

FF&E:
$165,000
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Remarkable 46 key located on the Blue Star Scenic Byway in Naturita, CO. This is a gorgeous ranching, hunting, mining and tourism area, surrounded by BLM & Forest Service land. Hotel has been totally rebuilt and features 46 doors in a diverse unit mix. Includes 2 restaurants, plus a banquet hall/conference center that seats 110. Plans for 12-room addition available to Buyer. Strategically located between Telluride and Grand Junction, CO.

About the Business

Location:
Naturita, Colorado
Year Established:
2014
Number of Employees:
16
Real Estate:
Owned
Building Sq. Ft.:
16,298
Facilities:
46 rooms, 2 restaurants plus banquet hall with serving kitchen, and meeting room. Plans exist for a 12-room extended stay addition.
Website:
therimrockhotel.com
Market Outlook/
Competition:
This is the number one hotel in the west end of Montrose County. Lots of government and mining work occurring in the valley and this is where they stay.
Growth & Expansion:
Increase in government work in the area, uranium mining is currently growing and potential rare earth mining. The shutdown of a local power plant will take several years to accomplish meaning additional rooms will be needed.
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About the Sale

Reason For Selling:
Health issues
Training/Support:
as needed

Listing Info

ID:
1591529
Ad Detail Views:
0

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Business Listed by

Dale Beede

Coldwell Banker Commercial Prime Properties, LLC
License# EB271161

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