2930 Main Ave - Hospitality FOR SALE


Durango, CO 81301- Downtown Durango
$5,250,000 USD
2930 Main Ave, Durango, CO for Sale
$5,250,000 USD
Hospitality - FOR SALE
1/2
null | 9.3% Cap Rate

2930 Main Ave
Durango, CO 81301
Downtown Durango


HIGHLIGHTS

  • Diverse Durango Demand Generators: Durango pulls demand from the Narrow Gauge Railroad, Mesa Verde, Fort Lewis College, the Animas River corridor
  • Ideal Owner Operator Opportunity: Includes a renovated 1 bedroom / 1 bathroom living quarters, allowing an owner operator to live on site
  • Strong Trailing 12 Performance: Recent T-12 revenue reflects healthy topline performance, with Durango holding strong despite broader softness
  • Purgatory Resort Year Round Impact: Purgatory Resort drives significant winter ski traffic and strong summer visitation through mountain biking
  • Upcoming Choice Repositioning Window: Approaching Choice’s conversion window offers lower liquidated damages and strong brand conversion economics
  • Regional Gateway Location: The market also benefits from major events, key employers, and its role as a gateway to the San Juan Mountains, Telluride

OVERVIEW

Matthews Real Estate is pleased to exclusively represent the seller in the disposition of Quality Inn Durango, CO. This offering presents a compelling opportunity to acquire a well-performing hospitality asset in one of Colorado’s most resilient tourism markets. The property benefits from diverse demand generators including the Durango & Silverton Narrow Gauge Railroad, Mesa Verde National Park, Fort Lewis College, the Animas River corridor, and Durango’s historic downtown, supported by approximately $441 million in annual visitor spending. The hotel continues to demonstrate strong trailing-twelve-month performance, with Durango remaining stable despite broader softness across much of Colorado’s lodging sector. Additional upside exists through the renovated one-bedroom, one-bathroom owner’s quarters, creating an ideal owner-operator opportunity to streamline operations. Durango’s proximity to Purgatory Resort further strengthens year-round demand, with winter ski traffic and robust summer visitation driven by mountain biking, events, and outdoor recreation. The upcoming Choice Hotels repositioning window also offers attractive conversion economics and the potential to elevate the property into an upscale boutique concept, unlocking higher ADR and appealing to more affluent travelers. The market’s role as a regional gateway to the San Juan Mountains, Telluride, Ouray, and the Four Corners region enhances the long-term investment profile and supports durable, diversified demand. Broker of Record Brayden Conner License # ER.100106933, EC.100099522 (CO) Matthews Real Estate Investment Services, Inc 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$297 USD /SF

# OF ROOMS

48

PRICE/ROOM

$109,375 {currency}

CAP RATE

9.3%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Durango

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Commercial

APN/PARCEL ID

R001667,R006295

ASK ABOUT THIS PROPERTY

Brayden ConnerMatthews Real Estate Investment ServicesMore Info

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