Commercial Sale · Active
Durango, CO 81301
0 Baths · 7,464 Sq Ft
$1,795,000
Hotel/Motel
Property Type
1.6 acres
Lot Size
1965
Year Built
$240
Price per Sq Ft
833683
MLS #
About This Property
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.
188 days on market
Listed by Dan Korman & Christian Caldwell · Alpenglow Properties LLC · Dan@AlpenglowProperties.com
Property Details
| Property Type | Commercial Sale |
| Sub Type | Hotel/Motel |
| Status | Active |
| Price per Sq Ft | $240 |
| Subdivision | None |
| MLS # | 833683 |
| Days on Market | 188 |
| Year Built | 1965 |
| Lot Size (Sq Ft) | 69,696 |
| Acres | 1.6 |
| Annual Taxes | $6 |
| Tax Year | 2025 |
| State | CO |
| County | La Plata |
| Zoning | Commercial |
| Heating | Ductless |
| Cooling | Wall/Window Unit(s) |
| Flooring | Laminate, Tile |
| Parking Features | Paved, Common, 1 per unit |
| Roof | Metal |
| Sewer | Public Sewer |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 4/16/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #833683 |
$1,795,000 $240/sqft |
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