Claim a piece of Colorado’s rich history as your own. The Beaumont Hotel, at 505 Main Street, in Ouray, Colorado, listed by LIV Sotheby’s International Realty and represented by Telluride-based broker, Teddy Errico, is now available for $8,500,000.
Originally built in 1886 and renovated in 2003, this stately property demands your attention as you stroll down Ouray’s quaint Main Street. The more than $24 million remodel was aimed at restoring the building’s iconic architecture and preserving the character that makes this property such a rare find. Utilizing a mix of Victorian, Queen Anne, and French Second Empire design styles, the classic brick exterior and pointed spire are reminiscent of the Old West but point towards new potential.
Currently a successful hotel, spa, and events venue, this property could be converted into a spectacular home or redeveloped into another exciting real estate opportunity. The Beaumont Hotel’s prime location makes it a very desirable listing for buyers of all kinds.
“For those looking to invest in Colorado’s history, authentic design, and additional revenue opportunities, The Beaumont Hotel is the property to purchase,” said Errico. “This building is as beautiful as it is bursting with potential. The sky is truly the limit with The Beaumont and I can’t wait to see what the future holds for this building.”
Not a single detail was overlooked when refreshing this legendary listing. The Beaumont Hotel features 15 professionally decorated guest rooms, each boasting their own antique and reproduction furniture that complement the building’s authentic Colorado aesthetic. What’s more, over $1 million was spent on the detailed wall papering throughout the building, which gives the interior design its luxurious, ornate flair.
The Beaumont Hotel also includes a private home adjacent to the property. This 1,200-square-foot residence even has a four-car garage and can be utilized as a Managers Quarters or Employees Quarters.
Spanning roughly 30,946 square feet, The Beaumont Hotel has many spaces to explore and enjoy. The property’s stunning ballroom is serviced by the private lounge and large chef’s kitchen, making this the destination for events and entertainment in Ouray. The first-floor restaurant and bar, which services the ground level and garden courtyard is an amazing space to share meals, sip drinks, and enjoy good company.
The hotel’s multiple event and restaurant spaces have appealing income-generating potential for those looking for their next investment or business opportunity. Additional bonus spaces include a spa that comes complete with a hot tub, sauna, and multiple treatment rooms, a conference room, and three retail spaces that face Main Street and have access to the hotel lobby.
A long-beloved establishment in the community, The Beaumont Hotel has hosted many famous guests including former Presidents, Theodore Roosevelt and Herbert Hoover, as well as television star and philanthropist, Oprah Winfrey, and many others.
Now, you can write the next chapter in this hotel’s history. To learn more about this incredibly rare property and other real estate opportunities in Telluride, contact Teddy Errico by calling 970.728.5959 or visiting teddyerrico.com. And for all of your real estate needs, contact LIV Sotheby’s International Realty by calling 303.893.3200 or visiting livsothebysrealty.com.