1519 Grande Ave - Hospitality FOR SALE


Monte Vista, CO 81144
$4,100,000 USD
303-828-2800
1519 Grande Ave, Monte Vista, CO for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/24
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1519 Grande Ave
Monte Vista, CO 81144


OVERVIEW

Completely Renovated Baymont by Wyndham – Monte Vista, Colorado Address: 1519 Grand Ave, Monte Vista, CO Now available is a truly turn-key hotel investment opportunity in the heart of the San Luis Valley, a fully renovated Baymont by Wyndham located in Monte Vista, Colorado. A Destination on the Rise Monte Vista is known as the "Gateway to the San Luis Valley," a region surrounded by the majestic San Juan and Sangre de Cristo Mountains. The area draws year-round visitors with its access to outdoor recreation, including hiking, skiing, hunting, birdwatching, and national parks such as Great Sand Dunes National Park. The city also hosts the Ski-Hi Stampede, Colorado’s oldest professional rodeo, which has been drawing visitors since 1919. Combined with the world-famous Monte Vista Crane Festival, tourism is thriving, and the San Luis Valley continues to experience steady growth in agriculture, renewable energy, and small business development. This makes the Baymont by Wyndham ideally positioned to capture both leisure and event-driven travelers. Purchased in December 2023, the property underwent an accelerated Property Improvement Plan (PIP), completed in just 4 months (well ahead of the 3-year timeline). In August 2025, the hotel received official PIP signoff and passed Wyndham Quality Assurance with flying colors. Total Investment: $3.3M Acquisition: $1.9M Renovation: $1.4M This was no surface-level refresh—the owner went far beyond Wyndham requirements to completely reset the property for long-term success with minimal maintenance needs. Major Renovations & Upgrades -Guest Rooms (44 total): Fully gutted, carpet removed, new LVP flooring, upgraded lighting, showers installed, brand new Simmons Cape Breton mattresses, WynRest linens, Amana PTAC units with wall thermostats, and 50” TVs. -Technology & Security: New reservation systems, state-of-the-art surveillance, RFID guest door locks, upgraded DirecTV distribution, and a modern phone system. -Public Areas: Renovated lobby, new carpet in common spaces, updated breakfast area, fitness center with True brand equipment, and guest laundry with card payment. -Laundry & Back of House: Fully restructured laundry with UniMac washers/dryers, EcoLab systems, and improved infrastructure. -Pool & Spa: Restored pool system, new hot tub heater, epoxy coating, and reconditioned supply lines. -Exterior & Infrastructure: Crack-sealed/striped parking lot, new entrance concrete, stucco siding, brand new windows, fresh paint, exterior lighting, and bollards for building protection. -Mechanical Systems: Two new water heater systems (hybrid & on-demand), upgraded kitchen equipment, and energy-efficient building improvements. Performance & Recognition: -Significant occupancy and revenue growth since the renovation. -Outstanding guest reviews and reputation. -Ranked #18 out of 549 Baymont hotels in the U.S. for OSAT guest satisfaction scores. -2024 Wyndham Award Winner for excellence. Investment Highlights: -Prime location in a growing Colorado market. -Fully renovated, turnkey operation requiring minimal maintainance. -Strong brand affiliation with Wyndham Hotels & Resorts. -Exceptional reputation and guest satisfaction metrics. Located near year-round tourism drivers, including the Great Sand Dunes National Park, Monte Vista Crane Festival, and the Ski-Hi Stampede Rodeo. ?? Contact: 303-828-2800 for more details or to schedule a private tour.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$196 USD /SF

# OF ROOMS

44

PRICE/ROOM

$93,182 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham | Monte Vista

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,475 SF

ZONING

-

APN/PARCEL ID

3531335017

ASK ABOUT THIS PROPERTY

Jon KleppeMountain East Real EstateMore Info
303-828-2800

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Jon KleppeMountain East Real EstateMore Info
303-828-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.