$1,795,000

21625 W US Hwy 160, Durango CO, 81301

Price per sqft$240.49

Built in1965

Property size7,464 sqft

Property typeCommercial

Listed by Dan Korman with Alpenglow Properties LLC 970-382-1162

Overview

Active

Listed Apr 16, 2026

Updated Aug 6

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. 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.

Other Property Details

Furnished: Yes

Listed by Dan Korman with Alpenglow Properties LLC 970-382-1162

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Data last updated on: 8/6/2026