The Historic Delaware Hotel

Investment Overview

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Delaware Hotel, a landmark historic hotel that is located in the heart of downtown Leadville, Colorado (“Property”). The Property features 36 keys, most of which contain unique layouts and period details, complemented by a prominent ground-floor lobby and common areas well suited for guests gathering, food and beverage, or complementary retail/event concepts. The building’s historic architecture, brick façade, and corner presence provide strong curb appeal and visibility along Leadville’s primary commercial corridor, Harrison Avenue. Strategically positioned within walking distance of restaurants, retail, museums, and civic amenities, the Delaware Hotel benefits from consistent tourist demand driven by outdoor recreation, heritage tourism, endurance events, and proximity to Colorado’s major ski and mountain destinations. The Property features a diverse mix of guest accommodations designed to accommodate groups of various sizes, in addition an on-site restaurant, bar, and café, providing convenient dining and social gathering spaces for guests and locals alike. Together, these features position the Delaware Hotel as a well-rounded, historic hospitality asset with strong appeal in a high-demand mountain destination.

Investment Highlights

• Historic hotel located in downtown Leadville, Colorado, the highest incorporated city in the United States at 10,158 feet, and a renowned former gold rush town
• The Property represents a turnkey lodging opportunity in one of Colorado’s most visited mountain destinations
• Set in the foothills of some of Colorado’s most iconic peaks, including Mount Elbert and Mount Massive, it serves as a gateway to year-round outdoor adventure.
• Millions in capital improvements have been invested in the Property since 2021, including a completely re-configured lobby and front desk area, and a remodeled bar and restaurant
• Flexible unit mix with accommodations for 2 to 9 guests, including Twin, Double, Queen, King, and Suite configurations
• On-site restaurant, bar, and café, Mineral 1886, providing additional revenue streams and an enhanced guest experience. The restaurant and bar were recently built out with the highest-end finishes. The restaurant could be run by an owner/operator, or leased out to a restaurant operator.
• Off-street Parking to be sold along with the hotel (113-115 W 7th Street). The lot contains enough parking stalls for the entire hotel at full occupancy.
• Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC (CO License: ER.040024487)