614 Rose StGeorgetown, CO 80444

Property Details for 614 Rose St

Year built

1875

Lot size

0.10 AC

Property size (Sq ft)

4,120 SF

Property type

Other commercial real estate

Description

This stunning, completely remodeled 4,120 sq ft St. James Hotel in Georgetown, CO, opened July 2024, boasts 5-star reviews and strong occupancy rates (80% in the first month). The property sits on a 0.1-acre lot and features brand new bathrooms, fixtures, lighting, plumbing, electric, kitchen, and appliances. A new fire sprinkler and fire alarm system ensures safety. The hotel operates efficiently with remote check-in, a light breakfast, and a shared kitchen, minimizing daily operational needs. Currently offering an ADR of $145 (projected to reach $175 in 2025), the hotel's financials support the $1,395,000 asking price at a 10-cap rate. An independent appraisal valued the property at $1.52M on June 1st, 2024. A 150+ sq ft additional building offers expansion potential. A new sewer line has been installed, and applications are pending for a liquor license and a hot tub, further enhancing revenue. An SBA loan is assumable, and seller financing is available. Visit stjamescolorado.com for suite details.

Location Insight

City

Georgetown

County

Clear Creek

State

Colorado

Latitude

39.7067

Longitude

-105.697

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