Steamboat real estate agents buy Craig’s Elk Run Inn to switch to long-term housing


The Elk Run Inn has been sold to owners who are considering converting it into long term rental accommodation. (Photo by Cuyler Meade)

The Elk Run Inn, a culture staple in Craig for decades, has new owners and they are planning to change the direction of the Inn. Now instead of short term accommodation for visitors to Craig, the hostel units will be used for long term accommodation for those who live in the area.

Darrin Fryer and Ryan Cox, both realtors in Steamboat Springs, purchased the inn in August for a recorded amount of $ 675,000 and said the property will reopen in the coming weeks. The hostel, located at 627 W. Victory Way, will now house 23 units which will be available for rent.

“We felt that with the current housing crisis, this was an opportunity to offer Craig some great all-inclusive rentals,” said Fryer. “It will be an easy move-in opportunity (for tenants). They could just move in and have everything included (like utilities and internet). ”

Fryer, who also owns the Colorado Inn in Craig, said that because other parts of the building’s infrastructure have been so well maintained by the previous owners, there aren’t many improvements to be made outside of it. fire and service updates.

A sign on the door to the Elk Run Inn’s office says it will no longer operate as a hotel. (Photo by Cuyler Meade)

Currently, Fryer said they are working to improve the building’s fire safety infrastructure before tenants move in, as well as high-speed internet access for each unit.

“We’re going to make sure this building is generally improved – washing machines and other services,” Fryer said. “(We’re) going to replace the locks and use more modern keys, like apps. These days we have some really cool features and ways to make sure you’re not locked in when it’s -10 degrees outside.

Elk Run Inn has for years been a popular destination for big game hunters who visit the area each fall for the hunting season. But, if the inn were to become long-term accommodation as planned, it’s unclear exactly where these hunters might stay.

The hostel was last sold in December 2020 for $ 672,000 after 17 years of ownership under Randy and Cindy Looper. The property had been on the market for four years before the sale to Rajbir and Sandy Grewal was finalized last year.


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