Description
An iconic property located in the coveted historic west end of Town, this one of a kind Crested Butte hotel cannot be duplicated. At 10,391 SF, the property features 19 guest rooms, 22 bathrooms, a managers apartment, spacious common areas for guests, a large kitchen, a full bar, comfortable guest lounging and dining areas as well 2 lobby powder rooms. Beautifully renovated and very well maintained, the original locally sourced Douglas fir wood flooring was recently refinished and all of the guest accommodations are individually decorated. The third floor rooms include balconies with spectacular views of the ski resort and the surrounding mountains. The Elk Mountain Lodge is nestled in a quiet residential neighborhood surrounded by historic residences. It is the only in-town hotel located west of 5th Street and enjoys convenient access to Elk Avenue's commercial core and the skier shuttle stop to Crested Butte Mountain Resort. The popular Lower Loop ski, bike and hiking trail system is only a few blocks away. The offering includes all of the assets of the profitable hotel business including the fixtures, furnishings and equipment. Highlights include the Baby Grande piano, a liquor license, a roomy hot tub facility, deeded off-street parking, a large front deck, and a 1,203 SF basement. Other assets include the business' high performance booking website and domain name plus the business' brand. There is also a fleet of townie bikes for guests and overnight storage for skis and bikes. Recent capital improvements include a new commercial laundry room, a new Wolf range, new windows, recently replaced roof, a new deck with custom iron railings, and a commercial grade internet and WiFi system by King Systems. The offering includes a commercially zoned (vacant) parcel located on Belleview Avenue that completes the parking-in-lieu obligation with the Town of Crested Butte.
