Holly, Colorado Hotel For Sale

$299,000

The Holly Suites Inn is a historic building located in the heart of downtown Holly, Colorado. The building has been a bank, a Rexall Drug Store and most recently, the Holly Inn Suites. The property is listed on Hotels.com, Expedia, Tripadvisor and Travelocity to name a few. The property has been generating approximately $60,000 per year in gross revenues. There are 9 rooms in the upstairs portion of the property and that is the only part of the building that is in use. There is another 6,000 + square feet of potential retail that can be utilized to generate substantial additional income. An ideal use would be a restaurant/bar as there is no such operation within a 20-mile radius of Holly and it would boost hotel revenue substantially. There is an original soda fountain area from the Rexall Drug days with counter and stools. The ideal buyer is someone who is ready to roll up their sleeves and restore the property to its full potential. It would also be ideal for a school or training area where students or participants could sleep upstairs and train or take classes downstairs. The rooms are large with sitting areas, desks, cabinets, microwaves and coffee makers. There is also a lot, adjacent to the property that can be purchased in conjunction with the building. It is an ideal place for outside barbeque’s, tables and a recreation area. There is a new metal cover over the roof of the rooms and new roof cover over part of lower space. The downstairs area could also be an ideal showroom for a distributor who wanted to train new sales people and the rear could be a warehouse, storage area.