Holiday Inn owner buys lot on opposite side of U.S. 40
March 20, 2016
Steamboat Springs — The owner of Steamboat's Holiday Inn has purchased a four-acre lot roughly across U.S. Highway 40 from the hotel and is considering the possibilities of developing a new hotel on the site.
Marr 106 Family Ltd., registered to Scott Marr, purchased the 4.07-acre lot in the Evergreen subdivision along the highway for $1.15 million on Feb. 29 from Mark C. McElhinney and the Dawes Family LLLP.
Marr said last week he purchased the lot because it would be an ideal spot for a hotel, but he didn't have any specific development plans to share yet.
"I bought it because I am in the hotel business and it's a good hotel site," Marr said. "If something comes along that looks interesting to me, I would certainly be interested in developing it."
Marr said the site is a good size and in a good location for a hotel.
"It's right on 40, it's got the core trail running through it, it's a really nice piece of property," he said.
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Marr, who previously lived in Florida, purchased the then-82-room Holiday Inn in 2001 shortly after selling a smaller resort lodging property in Key Largo, Florida. He then moved to Steamboat permanently after vacationing here for several years.
The hotel underwent a remodeling project in the late 2000s, adding 35 suites, an indoor swimming pool and a fitness center.
Marr said he was looking in to what could be developed on the new property, which borders U.S. Highway 40 to the east, Weiss Drive to the south and Walton Creek to the north.
Marr said it wasn't out of the question that he would announce plans for the site within the next few months.
"I'm going to start looking into the feasibility of doing certain things with it," Marr said.
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