Downtown Steamboat parking lot will be site for new boutique hotel
October 7, 2018
STEAMBOAT SPRINGS — The owner of the Holiday Inn of Steamboat Springs has purchased the parking lot at the intersection of 10th and Yampa streets for $1.8 million and plans to build a boutique hotel on the 0.4-acre site.
The site was the parking lot for the old Yampa Valley Electric Association building that was redeveloped after YVEA located west of town.
"There hasn't been any downtown hotel development forever," said Scott Marr, the 2016 Navigator Award Business Leader of the Year who will be developing the new hotel. "I want to do something that's high-end, which is something that's missing from downtown right now."
The lot sits across from the Yampa River with Steamboat Meat and Seafood connected to the property on the west.
Marr, who moved to Steamboat Springs with his family in 2001, hopes his now-grown children will continue in the family business and help get the project off the ground.
He has hired Eric Smith Associates to design the building.
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"It'll be 2020 before I even do anything (on site). It will take a year to go through the process for city planning and financing," Marr said.
The old parking lot, currently rented by the city, was never officially listed for sale. In fact, former owner Steve Shelesky, with Blue Sage Ventures, approached Marr about buying the property.
Shelesky said his dream was to develop the parking lot into the kind of boutique hotel that is seen in almost every other ski town in the West. But in the end, he wanted someone who had a hotelier background to take on the project.
"I wanted to keep it local,” Shelesky said. “I think he's the guy that can get it done.”
Blue Sage Ventures redeveloped the historic YVEA building into 910 Yampa Street — a mix of retail, office and residential space with its own parking. That made the parking lot across the street available for separate development.
Blue Sage Ventures redevelopment of the YVEA building came just as the city was implementing its plan to revitalize and improve Yampa Street. Currently, Mountain Tap Brewery anchors the historic building’s retail space along with Yampy’s and Hala’s Gear Space. The building also houses the offices of The Steamboat Group, Steamboat Pilot & Today and E3 Chophouse.
In the meantime, Shelesky said the old parking lot at 10th and Yampa is in good hands with Marr.
While Marr started off as a CPA, he's been in the hotel business for 35 years and first started developing property with his father in the Florida Keys.
He bought Steamboat's Holiday Inn in 2001, expanded the hotel and is now going through a two-year renovation of the rooms' interiors.
His hotel is noted as one of the company's top Holiday Inns.
Frances Hohl is a contributing writer for the Steamboat Pilot & Today.