The property lies in the B-C Zoning district and can be expanded by 20% of the existing size. The gross room revenue has climbed well over $400,000 in 2004 and the new rooms being remodeled at this time should help the cash flow grow over the next few years. The hotel for sale is one of the closest hotel properties to the entrance of Grand Teton National Park. This north entrance location is the key to the higher occupancy statistics generated this awesome property. Highway 89 North is also the connector to the world famous Yellowstone National Park, which attracts over 3 million visitors per year. The Elk Refuge Inn is also popular hotel used for Jackson Hole Snowmobiling as there is plenty of room to park trailers. The Elk Refuge Inn now offers Jackson Hole Ski Packages and is starting to attract more skiers looking for a unique hotel setting.
The National Elk Refuge is home to over 10,000 Elk in the winter months and is a popular summer spot for fly-fishing anglers. Flat Creek meanders through the refuge and provides excellent habitat for large trout. This magnificent Elk Refuge features several thousand acres of Conservation Land Trust Property protected by the Park Service.
The price of the hotel property for sale is $3,200,000 and includes a wonderful 3-acre lot behind the hotel that could be used as a residential home site. The property is fenced and horses are allowed. This is an excellent opportunity for the buyer looking to have a place to live and own a successful commercial business as well. Call our real estate broker for more information on this unique opportunity.
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