$4,100,000
$4,533,475
9.6%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
11 Baths
8,500 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $4,100,000
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Subdivision Griffin Park
MLS Listing ID 5232469
Sold Date 11/01/24
Style Chalet
Bedrooms 10
Full Baths 10
HOA Y/N false
Abv Grd Liv Area 8,500
Originating Board REcolorado
Year Built 1995
Annual Tax Amount $13,163
Lot Size 0.320 Acres
Acres 0.32
Property Description
Welcome to a prime investment opportunity in Winter Park, Colorado! This turnkey property at 405 Lions Gate Drive presents a unique chance to own the only luxury boutique hotel in Winter Park. With a total of 10 bedrooms and 11 bathrooms spread across 8500 square feet, this property offers a spacious and inviting atmosphere for guests. Boasting a total lot size of 13939 square feet, the hotel provides a comfortable and accommodating environment.
The property has undergone a comprehensive $1M renovation in 2021-2022, ensuring it is modern and up-to-date. With high ceilings, mountain views, and a fully furnished interior, this hotel is designed to impress. The amenities include a balcony, common laundry, cooktop, dishwasher, disposal, dryer, eat-in kitchen, fireplace, forced air, hot tub, range hood, refrigerator, and walk-in closets, providing guests with the utmost comfort and convenience.
Located in the heart of Winter Park, this hotel is priced 25% below the average price per square foot in the area, making it an attractive investment. The property's existing business, along with the potential for further development and expansion, presents a promising opportunity for the savvy investor. Additionally, the hotel has received awards and recognition from prominent platforms such as Airbnb, Google, Tripadvisor, Booking, Kayak, and Expedia.
With a transferable liquor and restaurant license, as well as Winter Park's only private bar equipped with a modern 4-tap beer system and a full commercial kitchen, this property offers a unique and lucrative investment opportunity. Don't miss the chance to own a piece of Colorado's fastest-growing ski town and resort. Take advantage of the high potential for growth, as evidenced by the highest ADR in the area, increased year-over-year occupancy, and documented organic growth in traffic and direct bookings. This is your chance to own a successful business in a thriving and sought-after location in the heart of Winter Park.
Location
State CO
County Grand
Area Out Of Area
Rooms
Basement Walk-Out Access
Primary Bedroom Level Main
Bedroom 2 Upper
Bedroom 3 Upper
Bedroom 4 Upper
Bedroom 5 Upper
Interior
Interior Features Study Area, Eat-in Kitchen, Walk-In Closet(s), Loft
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplaces Type 2+ Fireplaces, Gas, Family/Recreation Room Fireplace, Great Room
Fireplace true
Appliance Dishwasher, Refrigerator, Washer, Dryer, Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 9.0
View Mountain(s)
Roof Type Composition
Street Surface Paved
Building
Faces East
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Wood Siding
New Construction false
Schools
Elementary Schools Fraser Valley
Middle Schools East Grand
High Schools Middle Park
School District East Grand 2
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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