Foot of the Mountain Motel

Highlights:

• 7.20% Cap Rate (Without Management Fee) | 6.53% Cap Rate (With Management Fee)
• Fully restored, turn-key 1930s mountain lodge on 1.05 acres at the base of Boulder Canyon, just minutes from downtown Boulder
• 20 unique guest units, including 18 rustic studios and 2 spacious suites, blending vintage charm with modern amenities
• Prime Boulder location, which is nationally recognized as a year-round tourism destination and one of the hottest real estate markets in the U.S.
• Flexible Transitional zoning, allowing for potential expansion or additional development opportunities, including a Nordic Spa concept
• The Sundance Film Festival is relocating to Boulder in 2027, which is expected to drive material occupancy and ADR gains during the historically somewhat soft Q1 season
• Broker of Record: Michael A. Corbey with RealSpace Commercial RE, LLC (out of Englewood, CO)

Description:

SVN | Northco is pleased to present, as exclusive advisor to ownership, the offering of the historic Foot of the Mountain Motel, a boutique mountain retreat located at the base of Boulder Canyon in Boulder, Colorado. Originally established in 1934, this iconic property has served as a beloved hospitality landmark for nearly a century.

The Property encompasses 20 guest units, comprised of 18 well-appointed studios and two spacious suites, situated on approximately 1.05 acres. The accommodations blend authentic mountain lodge character with modern conveniences, appealing to today’s leisure traveler. Recent renovations have enhanced comfort and durability while preserving the property’s vintage charm, ensuring both operational stability and enduring guest appeal.

Boulder remains one of the most supply-constrained, Class A hospitality markets in the country, with extremely limited new development opportunities due to stringent zoning, preservation requirements, and geographic constraints. This scarcity of developable sites creates meaningful long-term pricing power for existing operators and underpins sustained investor demand.

The Property is located in Boulder, CO, nestled against the foothills of the Rocky Mountains. Known for its stunning natural beauty and vibrant culture, Boulder offers a unique blend of outdoor adventure and urban amenities. The city is home to the famous Flatirons, a series of iconic, jagged sandstone formations that attract hikers, climbers, and sightseers year-round. With over 45,000 acres of protected open space and 300 miles of trails, Boulder is a paradise for outdoor enthusiasts who enjoy hiking, biking, and rock climbing. In the winter, nearby ski resorts provide options for skiing and snowboarding, while Boulder itself offers cross-country skiing and snowshoeing on local trails.

Boulder Creek flows through the city, offering serene spots for fishing, tubing, and picnicking. The city is also known for its lively arts and food scene, with a variety of galleries, farm-to-table restaurants, and the popular Pearl Street Mall—a pedestrian-friendly shopping and dining hub. The University of Colorado Boulder adds an energetic, youthful vibe to the city, bringing events, and cultural performances.

Distances from larger cities:

Denver, CO - 29 miles northwest of Denver
Fort Collins, CO - 58 miles south of Fort Collins
Cheyenne, WY - 90 miles southwest of Cheyenne
Colorado Springs, CO - 97 miles north of Colorado Springs
Salt Lake City, UT - 520 miles east of Salt Lake City

Local airports include Boulder Municipal Airport (5 miles) and Rocky Mountain Metropolitan Airport (13 miles). The nearest international airport is Denver International Airport, located 42 miles east of Boulder.

Documents: