21625 Highway 160, Durango, CO

Name: 21625 Highway 160, For Sale in Durango - eXp Realty
Brand: Alpenglow Properties LLC
SKU: 833683
Price: 1795000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,795,000

0020

MLS® 833683

Key Facts
Description
Map

Key Facts

Type Hotel-Motel

Levels Commercial Sale

Size 7464 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1965

Avg. Price Per Sqft $240

MLS® Number 833683

Property Address: 21625 Highway 160, Durango, CO, 81301-6808

Average square foot calculated using Size range provided by listing agent.

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. The asking price reflects a 4.7% capitalization rate based on 2025 financials; however, the asset remains operationally under-optimized. 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.

MLS® Number833683

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1965

Basement

DrivewayCommon, Paved, One Space

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 16, 2026List Date

$1,795,000List Price

Commute

Commute

Starting Address

Destination Address

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