Marcus & Millichap has been chosen to exclusively market for sale the Discovery Lodge in Estes Park, Colorado. The property consists of 57 individual rooms, plus an on site income producing manager’s unit. Discovery Lodge is located less than mile from Lake Estes and 6 miles from Rocky Mountain National Park, which sees 4.5M visitors per year.
This recently renovated boutique hotel has undergone $1.7M in Capex, offers significant investment potential. The property has shown impressive performance, with 2024 RevPAR surpassing the figures from 2021 and 2022. Extensive mechanical and electrical updates have been completed between 2020 and 2024. The town of Estes Park has recently invested over $42M in infrastructure to support growing tourism, further enhancing the hotel’s appeal. Additionally, Estes Park is conveniently located within 1.5 hours of Denver International Airport, making it easily accessible for visitors.
The Discovery Lodge is offered for sale individually or in a portfolio with the Coyote Mountain Lodge located 0.7 Miles away