21625 W Us Hwy 160,Durango, CO 81301
Durango, CO 81301
Description
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.
Details
| MLS # | 833683 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Building Name | The Wapiti Lodge |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 143 |
| Listing Provided By | Alpenglow Properties LLC | Dan Korman |
Features
| SQ Feet | 7,464 |
|---|---|
| Story(s) | 2 |
| Units | 16 |
| Zoning | Commercial |
| Acreage | 1.60 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Window Units, Wall Window Units |
| Heating Yes / No | Yes |
| Heating | Ductless, Electric |
| Furnished | Furnished |
Exterior
| Exterior Features | Sprinkler Irrigation |
|---|---|
| Roof | Metal |
| Foundation Details | Slab |
| Lot Features | Landscaped, Sprinkler System |
Parking
| Parking Features | Common, Paved, One Space |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available |
|---|
Other
| List Aor | Durango Area Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Listing VS Median (in 81301) | |
Price: $1,795,000 low | high Med: $745,000 sqft: 7,464 low | high Med: 1,238 $ / sqft: $240 low | high Med: $606 On site: 143 low | high Med: 54.5 | |
Market Activity 81301
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Listing VS Median (in 81301) | |
Price: $1,795,000 low | high Med: $745,000 sqft: 7,464 low | high Med: 1,238 $ / sqft: $240 low | high Med: $606 On site: 143 low | high Med: 54.5 | |
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