In the hospitality industry, Steamboat has experienced a handful of notable sales over the past 24 months. While the most unique was the quintessential Vista Verde Guest Ranch which sold last December for $12.25M at $296/sf, other hotel sales include La Quinta ($3.25M at $220/sf), Quality Inn ($4.9M at $201/sf), Fairfield Inn ($7M at $185/sf), and Sheraton ($15.5M at $44/sf).

Across other industries, the current average price per square foot is still lower than the cost to build, but inventory is difficult to find. New projects on the horizon include Steamboat Powersports’ acquisition of 5.5 acres for expansion of their shop, a test facility, and storage space. Steamboat Investment Group purchased more than five acres to be used for industrial lots. Also, the proposal of four townhomes on the land next to E3 Chophouse on Yampa Avenue is under review with the Steamboat Springs Planning Commission.