955 E Utah State Route 24 - Hospitality FOR SALE


Torrey, UT 84775
$9,800,000 USD
801-704-1660
955 E Utah State Route 24, Torrey, UT for Sale
$9,800,000 USD
Hospitality - FOR SALE
1/23
null | 10.02% Cap Rate

955 E Utah State Route 24
Torrey, UT 84775


HIGHLIGHTS

  • Gateway to Capitol Reef National Park — 5.1% visitation CAGR over the past decade; ~1.4M visitors in 2025, up 22% YTD 2026
  • Consistent Revenue Growth — total revenue up ~15% from 2024 through TTM May 2026
  • $1.8M+ Reinvested Since 2023 — comprehensive 2023–2024 remodel plus ongoing CapEx through June 2026
  • Approved Conversion to Outset Collection by Hilton — pathway to brand conversion and premium rate positioning (contact broker for details)
  • Potential Expansion Opportunity — excess land may accommodate additional lodging units, subject to approvals
  • Diversified Revenue Streams — lodging, 10 glamping wagons, full-service steakhouse, and on-site bakery

OVERVIEW

Tours are available by appointment only. To schedule a tour, please contact the broker. It is understood that staff at the property should not be contacted directly. Newmark Mountain West is pleased to present the Broken Spur Inn & Steakhouse, a unique hospitality offering located in Torrey, Utah, at the doorstep of Capitol Reef National Park. The property features a diverse lodging mix that includes traditional hotel rooms, highly sought-after glamping wagons, a full-service steakhouse, bakery operations, meeting space, and excess land for future expansion. Strategically positioned along Utah’s Scenic Byway 24, the property benefits from its proximity to Capitol Reef National Park, which attracts more than 1.4 million visitors annually and continues to experience strong tourism demand. The asset serves as a premier lodging destination for visitors exploring Utah’s Mighty Five National Parks and surrounding recreation areas. Ownership completed extensive renovations beginning in 2023 and concluding in 2024, creating a turnkey investment opportunity with limited near-term capital requirements. The renovations contributed to the property’s stabilization and absorption from 2023 through 2025, with the trailing twelve-month period through 2026 reflecting its continued operational success. The Broken Spur offers multiple avenues for future growth. Opportunities include expanding outdoor guest amenities, increasing bakery production capacity to meet existing demand, upgrading additional glamping wagons to extend seasonal operations, and developing the adjacent one-acre parcel with additional lodging units. Ownership estimates the expansion parcel could accommodate additional glamping wagons, creating meaningful revenue upside. Further enhancing the investment opportunity, the property has received approval for conversion to Hilton’s Outset Collection brand, providing a potential pathway to increased visibility, expanded distribution channels, and premium rate positioning. Existing professional management can remain in place, if desired, providing a seamless transition for investors seeking a more passive ownership structure. Please contact broker for additional details.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$528 USD /SF

# OF ROOMS

61

PRICE/ROOM

$160,656 {currency}

CAP RATE

10.02%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broken Spur Inn & Steakhouse

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

61

LAND DETAILS

LAND ACRES

6.62 AC

LAND SF

288,367 SF

ZONING

BCI

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex NielsenNewmark Mountain WestMore Info
801-704-1660

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Alex NielsenNewmark Mountain WestMore Info
801-704-1660

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