Red Mountain Inn & Suites
51637 W HIGHWAY 6 & 24 | GLENWOOD SPRINGS, CO 81601
Property Details
- PROPERTY NAME: Red Mountain Inn & Suites
- ADDRESS: 51637 W Hwy 6 & 24, Glenwood Springs, CO 81601
- LOT SIZE: 2.42 acres
- GLA (SF): 17,955 SF
- UNITS: 41 extended-stay units
- OCCUPANCY: 80% Occupied
- FLOORS: 1
- YEAR BUILT: 1945 - 1990
- CLASS: Midscale
- PARCEL ID: 2185-053-00-094
- ASSESSOR ACCOUNT #: R100051
- ZONING: M1 - Mixed Use
- FLOOD ZONE: No digital data available in FEMA
- USE: The property is currently being used for hospitality purposes. This use is expected to continue.
Highlights
Olive Real Estate Group is pleased to present Red Mountain Inn & Suites for sale, a prime investment opportunity in a booming mountain town.
Located in Glenwood Springs, Colorado, the property consists of 41 extended-stay units, several of which are free-standing buildings. Each unit features a kitchen or kitchenette with full-size refrigerators, catering to long-term and workforce housing demand.
Over $700,000 in capital improvements have been completed within the past three years, creating a well-maintained, turn-key investment opportunity. With on-site management in place, the asset offers operational stability in a market characterized by strong demand and limited workforce housing availability.
The property benefits from a park-like setting and includes additional land behind the existing structures, offering potential for future expansion or redevelopment.
Red Mountain Inn & Suites is primarily operated on a month-to-month basis, providing flexible housing in a highly desirable market where median residential list prices exceed $912,000 (approximately $508 per square foot).
Unlike traditional hospitality assets, the property has historically maintained strong occupancy and consistent demand, often supported by a waiting list as units become available.
