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In Brief: Prime Investment Properties has put the Basalt Mountain Inn on the market, offering potential buyers a chance to acquire a well-established hospitality business in the Roaring Fork Valley.
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Basalt Mountain Inn – Image Credit Hotel Brokers International
25-Room Boutique Hotel in the Heart of Downtown Basalt, Colorado — Gateway to Aspen Country — Offered at $6,250,000
Prime Investment Properties LLC, a leading hospitality brokerage firm and member of Hotel Brokers International, is pleased to announce that the Basalt Mountain Inn, a beautifully renovated 25-room boutique hotel located at 220 Midland Avenue in downtown Basalt, Colorado, is now officially available for acquisition at an asking price of $6,250,000.
Perfectly positioned in the commercial core of Basalt’s vibrant Midland Avenue district, the Basalt Mountain Inn stands as one of the Roaring Fork Valley’s most compelling lodging assets. The property sits less than 20 miles from the world-renowned ski destinations of Aspen and Snowmass Village, and less than 20 minutes from Carbondale — placing it squarely at the crossroads of Colorado’s most sought-after mountain tourism market. The surrounding landscape offers visitors unrivaled access to gold medal fly fishing on the Roaring Fork River, world-class skiing and snowboarding, hiking, mountain biking, and year-round outdoor adventure.
“The Basalt Mountain Inn represents a truly rare find in today’s mountain hospitality market,” said Dan Emert, Managing Principal, Prime Investment Properties LLC. “This is a turnkey, recently renovated boutique property in an irreplaceable location — steps from downtown Basalt and minutes from Aspen. For the right investor, this is an opportunity to own a piece of the Roaring Fork Valley at a compelling price point, with all the upside that comes with proximity to one of America’s premier resort corridors.”
The property — formerly known as the Green Drake — underwent a comprehensive renovation and emerged as a fresh, contemporary mountain inn that balances modern comfort with the authentic character of historic downtown Basalt. With 25 well-appointed guest rooms across 10,738 square feet, the Basalt Mountain Inn is ideally sized for hands-on ownership or efficient management while delivering meaningful revenue potential across all four seasons.
Investment Highlights:
- Asking Price: $6,250,000
- 25 Guest Rooms across 10,738 SF of net rentable area – 24 in rental pool and manager in one of the guest rooms currently
- Prime downtown location at 220 Midland Avenue, Basalt, CO 81621 — walkable to shops, restaurants, and the Roaring Fork River
- Recently renovated in a cool, contemporary mountain style with modern updates throughout
- Under 20 minutes to Aspen and Snowmass Village, two of North America’s most prestigious ski and resort destinations
- Under 20 minutes to Carbondale, with strong year-round lodging demand from the regional workforce and visitor market
- Gold medal fly fishing on the Roaring Fork River, steps from the property
- Strong four-season demand driven by skiing, snowboarding, fishing, hiking, biking, and events tourism
- Excellent online reputation and established brand presence with a loyal guest following
Basalt’s strategic location along the Highway 82 corridor between Glenwood Springs and Aspen has made it one of the Roaring Fork Valley’s fastest-growing communities, benefiting from robust lodging demand driven by both leisure travelers and regional workforce visitors. As Aspen and Snowmass continue to experience escalating real estate values, Basalt has emerged as an increasingly attractive alternative base for guests — making the Basalt Mountain Inn exceptionally well-positioned for sustained occupancy and rate growth.
Prime Investment Properties invites qualified buyers and investors to contact them for a full confidential offering memorandum and to arrange property tours.
About Prime Investment Properties LLC
Prime Investment Properties LLC is a premier hospitality real estate brokerage and advisory firm specializing in the acquisition and disposition of hotel, motel, resort, and lodging assets across the United States and global markets. With deep industry expertise, strategic marketing, and a wide network of hospitality investors and operators, the firm delivers exceptional outcomes for property owners and buyers.
About Hotel Brokers International
Hotel Brokers International (HBI), founded in 1959, is the hospitality real estate industry’s most established network of professional brokers, with over 11,000 successful hotel transactions. HBI’s website features an extensive selection of hotels for sale, attracting global investors and industry professionals. HBI is the founder and administrator of the Certified Hotel Broker (CHB) Program, the only professional designation recognizing expertise in hotel brokerage. The organization also provides affiliate memberships to professionals in related fields such as franchising, lending, appraisals, and investment services, fostering a comprehensive network of hospitality specialists. Visit www.hbihotels.com.
Dan Emert, Lead Broker
Prime Investment Properties LLC
Steamboat Springs, CO
970.658.8098
[email protected]
www.primeinvestmentprops.com
