The Old Tale Inn

Investment Overview

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Old Tale Inn, a historic boutique hotel located in Leadville, Colorado (“Property”). Leadville, Colorado is the highest incorporated city in the United States at 10,119 feet, and is a year-round destination for outdoor recreation and heritage tourism. The Property offers an intimate lodging experience aligned with Leadville’s authentic character and growing demand for unique, experience-driven accommodations. It features well-appointed guest rooms that support efficient operations and strong per-key revenue potential. Its walkable location near downtown Leadville’s restaurants, shops, and cultural attractions provides consistent demand from leisure travelers, event visitors, and outdoor enthusiasts alike. The Property presents a compelling opportunity for an owner-operator or boutique hospitality investor to acquire a character-driven asset in a supply-constrained mountain market, with upside through rate optimization, branding, and enhanced guest experiences. This Property would also perform very well as a conversion to affordable housing. Each room is equipped with private bathrooms featuring showers and tubs, televisions, mini-fridges, microwaves, and coffee makers. Additional amenities include an outdoor hot tub available for guest use and free parking directly in front of each room. Two of the units feature kitchens.

Investment Highlights

• 11 Key Historic Boutique Hotel located in Leadville, Colorado, the highest-elevation incorporated city in the United States at 10,158 feet, and a renowned former gold rush town
• Turnkey Lodging Opportunity with authentic historic character appealing to couples, adventure travelers, and drive-to visitors
• Flexible Unit Mix with King, Queen, Queen Bonus, and King ADA rooms, each accommodating up to 2 guests
• In-Room Amenities include private bathrooms with showers and tubs, televisions with cable channels, mini-fridges, microwaves, and coffeemakers
• Outdoor Hot Tub and complimentary parking directly in front of each room, enhancing convenience and the overall guest experience
• Year-Round Demand Drivers: The hotel benefits from four-season tourism including hiking, skiing, cycling, fishing, heritage tourism, and nationally recognized endurance events.
• Limited Competitive Supply: Leadville’s constrained development environment limits new hotel inventory, supporting long-term occupancy and rate stability.
• Value-Add Upside: Opportunities for rate optimization, branding refinement, enhanced digital marketing, and curated guest programming.
• Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC (CO License: ER.040024487)