RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.8%
- Listing ID: 1425274
- Posted On: Apr 20, 2021
- Updated On: Mar 13, 2022
Description
Glenwood Canyon Resort is nestled in the heart of the Colorado Rockies less than an hour from Aspen, one hour from Vail, and a couple hours from Denver. The resort is highly visible to the steady stream of locals and tourists passing by on I-70. Glenwood Canyon Resort provides guests of all ages an opportunity to soak up the beautiful Colorado outdoors via a variety of accommodation offerings including Cabins, Cottages, Glamping, RV sites, and Tent Sites. With the river nearby, guests can spend their days fishing, rafting, kayaking, or just relaxing and enjoying the beautiful Rocky Mountains. There is also a zipline and aerial course on-site. Friends and family can book and celebrate weddings and other special events at the resort’s Canyon Club Event Center and the No Name Bar & Grill.
This is an ideal purchase for a seasoned outdoor resort operator looking to capitalize on an established and thriving business in the heart of Colorado, or for a current real estate investor looking to expand their footprint with a profitable operation in this picturesque Rocky Mountain playground. A proven tourist destination for decades, this resort property is well positioned to continue delivering strong financial results for the long-term.
Glenwood Canyon RV Resort delivers over 50% NOI and averages an annualized occupancy of 30%. Each 1% of annual occupancy adds approximately $50,000 to the top-line. An owner with multiple parks who can leverage their customer network to increase occupancy throughout the year can realize tremendous upside. The price for this opportunity is based on a 7.8% Cap Rate on existing operations.
Contact us, register, and sign the NDA to receive our confidential Offering Summary on this extraordinary opportunity!
Location
1308 County Road 129
Amenities
- Laundromat
- Club House
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Financial Information
Gross Income: | $1,979,419 |
Operating Expense: | $813,065 |
Net Operating Income: | $1,151,342 |
Expense Ratio: | 41.1 % |