Denver, CO – March 27, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of Inn The Clouds Hostel & Inn located at 500 E 7th St., Leadville, CO 80461.
Dan Hawthorne of NorthPeak Commercial Advisors worked with the seller in this transaction.
“I was thrilled to get this deal over the finish line considering how much dedication the seller poured into building both the business and real estate these past few years.”
“We created a competitive environment for the seller, generating four offers and ultimately closing above the asking price — a notable achievement in today’s market. The buyer is well-positioned to thrive with this investment, as revenue continues to climb thanks to the growing demand for affordable travel accommodations.”
“Boutique hotels remain highly sought-after across Colorado, particularly in ski-centric submarkets like Leadville. With our state offering endless opportunities for travelers, the hospitality sector is seeing strong, sustained revenue growth. Compared to other asset classes with cap rates in the 5-8% range, boutique hotels present a compelling opportunity for investors seeking significantly higher cash flow — provided they’re ready to embrace the hands-on management that comes with it.”
-Dan Hawthorne, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Dan Hawthorne at (406) 531-4246 or Dan@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 500 E 7th St., Leadville, CO 80461
- Sale Price: $1,516,000
- Close Date: March 21, 2025
- Total Rooms: 14 ($108,286/Room)
- Property Size: 7,587 SF ($200/SF)
- Current Cap Rate: 14.3%
- Pro Forma Cap Rate: 16.0%
- Property Type: Hospitality
