The Historic Elk Mountain Hotel

Elk Mountain, Wyoming
www.elkmountainhotel.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
12
Baths
12
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$995,000

Occupancy Rate
25%
Average Daily Rate
$149
Gross Revenue
$225,000
Gross Revenue Multiplier
4

Property Overview

The Historic Elk Mountain Hotel is located in southern Wyoming half way between Laramie and Rawlins and 3 miles south of I-80 and a few miles north of the Snowy Range National Forest. The hotel is listed on the National Register of Historic Places. The hotel is located on approximately 8+ acres of meadow with mature trees and woodland alongside the Medicine Bow River. There is a gazebo and a separate 3 bed-room cabin with integral garage.


Property Description

The hotel was built in 1905 and underwent a 2 year back to the studs and beyond restoration, complete infrastructure modernization and reconfiguration to 8,400 sq. ft. reopening fully during mid 2003. There are 12 cozy en-suite rooms. Downstairs is the reception office, lobby and parlor and the restaurant. A conference room seating 14 is on the 3rd floor. The restaurant of about 1,000 sq. ft. seats 40+ comfortably. Property includes a large, fully equipped commercial kitchen, walk-in freezer and cooler, wine cellar, laundry and housekeeping rooms.


Business Description

Business originates from Cheyenne, Rawlins, Casper and the Colorado front range (Denver and towns and cities north of Denver straddling the I-25 corridor) with other guests from the USA and Europe. The hotel is a destination for those seeking peace and quiet from the hustle and bustle of the city and executive teams seeking to plan for the future as well as anyone those seeking an exceptional culinary experience.


Reason for Selling

Moving on after 13 years.


Terms & Asking Price

Price of $995,000 is inclusive of both properties, gazebo, furniture and fixtures and water rights.