Expedition Lodge
Estes Park, CO
Property Highlights
- Property Name: Expedition Lodge Estes Park
- Address: 1701 North Lake Avenue, Estes Park, CO
- Guestrooms: 150 total keys
- Building Type: Two-story hotel
- Corridors: Combination of exterior and interior corridors
- Renovation: Purchased and renovated in 2023
- Distance to Downtown Estes Park: < 2 miles
- Distance to Rocky Mountain National Park: ~10 minutes
Property Description
Executive Summary
Expedition Lodge Estes Park is a 150-key lodging asset located in one of Colorado’s most supply-constrained and resilient resort markets. Situated less than two miles from downtown Estes Park and approximately 10 minutes from the entrance to Rocky Mountain National Park, the property benefits from year-round leisure demand driven by outdoor recreation, tourism, and multi-night stays.
The hotel was purchased and renovated in 2023 and has not yet reached operational stabilization, presenting a compelling value-add and rebranding opportunity. Currently, 132 guestrooms are open to the public, with the remaining rooms utilized for employee housing—addressing one of the most acute workforce constraints in the Estes Park market and offering operational flexibility for a new owner.
While 2025 experienced modest regional softening, Estes Park continues to materially outperform surrounding markets due to its role as the primary gateway to Rocky Mountain National Park. Comparable properties in the market are achieving RevPAR in excess of $100, underscoring the strength of underlying demand. Long-term fundamentals remain highly favorable, supported by limited new supply, protected land constraints, and ongoing capital investment at landmark properties in the market.
Location Overview
Estes Park is a premier Colorado mountain resort destination and the primary access point to Rocky Mountain National Park, one of the most visited national parks in the United States. The market benefits from consistent year-round tourism, strong summer and fall peak seasons, and expanding shoulder-season demand driven by outdoor recreation, events, and destination travel.
The town’s growth is inherently limited by surrounding protected land and national park boundaries, resulting in extremely constrained hotel supply and durable pricing power. Major reinvestment at iconic properties such as The Stanley Hotel is expected to further enhance destination appeal, extend seasonal demand, and support long-term asset values throughout the market.
