12.19.2007

Inn at Steamboat Real Estate Opportunity

Remodeled condo-hotel conversion now accepting priority reservations
Nestled two blocks from the Steamboat Gondola, the Inn at Steamboat is the classic Colorado Ski Lodge.

New owners of the Inn will commence a massive remodel of the property in early 2008. Upon completion of the renovations, the property will continue to operate as a boutique 34-room hotel, but will offer individual ownership opportunities for each suite.

Most exciting is that prices for most suites will range from $170,000 - $230,000, an unprecedented value considering recent trends in the Steamboat real estate market.

As a condo-hotel, it will combine complete hotel amenities and services with full condominium ownership. Owner occupancy will likely be limited to a specified number of nights each year, and owners will have the opportunity to place their suite into a nightly rental arrangement. Steamboat Resorts, one of Steamboat's premier management company, will be managing the Inn at Steamboat hotel operations and home owners association.

Designed to be a classic mountain lodge, features include:

- Outdoor heated pool, hot tub, sauna, and sun deck
- Private Shuttle service to mountain and downtown
- Owners Lounge and Owners Lockers
- Business Center and Wireless Internet
- Fitness Center
- Common dining room with breakfast served daily
- On-site management and check-in

Please contact me for more information on getting involved.

I have additional details and analysis on the offering. Interest within our own firm appears to be very strong, and refundable priority reservations are being accepted through January 4, 2008.

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