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Tower 64 Motel & RV Park 10301 Santa Fe Trail Dr

26 Room Hotel Trinidad, CO 81082 For Sale

Investment Highlights

  • 26 Room Motel & 28 Space RV Park
  • Trinidad Attracts Visitors with a Beautiful Mountain Setting, 2 State Parks, and Many Outdoor Recreational Activities
  • Large 3.4 AC (+/-) Lot with Opportunity to Expand RV Park
  • Excellent Location Along Interstate 25, One of the Most Heavily Traveled Routes for Visitors Going to/from Colorado
  • Low Operating Costs: No Franchise Fees, Minimal Staffing Needs, RV Park Provides Additional Revenue Stream with Minimal Added Cost
  • Absentee Owner with Upside Opportunity for Hands-On Ownership

Executive Summary

The Tower 64 Motel & RV Park includes 26 rooms and 28 RV spaces. The business benefits from an excellent location on Interstate 25 which is heavily traveled by visitors going to/from Colorado. Trinidad attracts visitors with a beautiful mountain setting and many outdoor recreational activities including hiking, biking, fishing, and boating. The city is home to two state parks, Trinidad Lake State Park, and one of Colorado's newest state parks, Fisher's Peak, which bring additional demand to the area.
As an independent hotel, the business saves on franchise fees and benefits from lower operating costs. With 26 rooms, the hotel operation has minimal staffing needs, and the RV park provides an additional stream of business with minimal added cost.
The motel and RV park are on a 3.4 AC (+/-) parcel, with additional opportunity to expand the RV park.
Ownership is absentee and the business went through some management challenges. The business would benefit from ownership that can be more hands-on. In 2024 business was disrupted by an electrical fire at the property which took several guestrooms out of inventory. Guestroom repairs have been completed and all the electrical has been updated, inspected, and approved.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.40 AC
Building Size 8,488 SF
No. Rooms 26
No. Stories 2
Year Built 1955
Parking Ratio 3.42/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 $119.07 CAD -
Guest Room 24 $102.06 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10877000
Land Assessment
$98,615 CAD
Improvements Assessment
$79,919 CAD
Total Assessment
$178,534 CAD

zoning

Zoning Code Commercial (Commercial)
Commercial (Commercial)
  • Listing ID: 33155889

  • Date on Market: 2024-09-12

  • Last Updated:

  • Address: 10301 Santa Fe Trail Dr, Trinidad, CO 81082

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