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The Blackmore Group

ashley@ashleyblackmorehomes.com +1(970) 444-2431

$1,795,000

Est. payment - /mo

7,464 SqFt

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 7,464 sqft

Price per Sqft $240

MLS Listing ID 833683

Year Built 1965

Tax Year 2025

Lot Size 1.600 Acres

Acres 1.6

Property Sub-Type Hotel/Motel

Property Description

The Wapiti Lodge is a recently renovated, high-visibility lodging asset offering a streamlined, low-overhead operation in one of Colorado's most supply-constrained tourism markets. The property consists of 16 guest rooms, supported by 20 parking spaces and a new roof; resulting in a stabilized physical asset with minimal near-term capital requirements. The unit mix is diversified across nightly and extended-stay demand, including multiple full-kitchen suites, kitchenette units, and standard double rooms, allowing flexibility in pricing strategy and guest segmentation. Two employee apartments provide on-site housing or additional income potential. The property operates on a modern, contactless model utilizing Cloudbeds, with integrated guest communication via Whistle and remote digital locks. This infrastructure supports an efficient, low-labor operating model that can scale with minimal staffing. For 2025, the property achieved approximately 2,516 occupied room nights with an average occupancy of 45.9% and an ADR of $114.70. Performance reflects strong seasonal demand, with peak summer occupancy exceeding 80% and ADRs reaching the mid-$140s, while shoulder and winter periods remain underutilized. Current revenue management practices rely on manually adjusted dynamic pricing, creating a clear opportunity for improved yield management, rate optimization, and occupancy growth. Reservation platforms utilized include Expedia, Airbnb, and Booking dot com, with a smaller but established base of direct bookings. A more intentional direct booking strategy and refined distribution approach present an immediate opportunity to improve net operating income. Targeted improvements in pricing strategy, channel mix, and off-season demand generation provide a clear path to increased RevPAR and overall asset yield. The property benefits from strong drive-by visibility and a recognizable roadside identity, anchored by its marquee sign, historically reading “Last Motel for 150 Yards”, a memorable and authentic element of Durango's hospitality character. With durable tourism demand, limited new supply, and operational upside, the Wapiti Lodge represents a compelling value-add acquisition in the Durango lodging market.

Location

State CO

County La Plata

Interior

Heating WindowUnit

Cooling Window A/C Unit(s)

Flooring Laminate, Tile

Equipment FFE List Available in Docs

Furnishings Furnished

Exterior

Parking Features Paved, Common, 1 per unit

Garage Spaces 20.0

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water

Roof Type Metal

Building

Story 2

Foundation Slab

Sewer Public Sewer Installed

New Construction No

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Colorado Real Estate Network (CREN) + Sold

Listed by Alpenglow Properties LLC

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The Blackmore Group

+1(970) 444-2431

ashley@ashleyblackmorehomes.com

21625 W US Hwy 160 Durango, CO 81301

The Blackmore Group

Key Details

Location

Interior

Exterior

Building

Nearby Locations

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21625 W US Hwy 160

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