Denver bed and breakfast hits market for $ 4 million

Milan Doshi had originally planned to sell the Queen Anne Bed & Breakfast after 10 years when he bought it with his parents in 2008.

But 2018 was coming and going, and he said he didn’t have the heart to give up.

“When we crossed that 10-year threshold, business was great in terms of sales and loyal customers, and I’ve always really enjoyed it, and I still do today,” Doshi said. “So we continued to hook up. “

Fast forward three years later, and the Doshi family are finally ready to sell the historic bed and breakfast, which is a nationally registered monument, at 2147-2151 Tremont Place across from Benedict Fountain Park at Five Points. This week, they listed the property for $ 4 million.

Lily O’Neill, BusinessDen

Milan Doshi, owner of Queen Anne Bed & Breakfast, has put the property and business up for sale for $ 4 million.

“It was my legacy to run this place for the years that I have done, but I feel like it’s time for this next chapter,” Doshi said. “We are not in a dire situation like last year, when there were a lot of question marks around what the market would look like. It’s back to a place where anyone who wants to take over that property, whether to run the bed and breakfast or not, there is so much potential. If there is another assignment that someone else has for this space, then maybe it will be at that time as well. “

Doshi bought the 13-unit bed and breakfast with his parents Arvind and Bharti in 2008 for around $ 1.4 million, according to property records. He has operated the business for the past 13 years and his parents have provided financial support.

Doshi said the bed and breakfast had been 90% occupied since it reopened to full capacity in May this year after the pandemic. It plans to continue operating until it finds a new buyer.

Growing up, his parents owned a group of commercial hotels in southern Missouri, where Doshi was originally from, and they wanted to find another investment in hospitality, but more community-focused this time around.

The Augusta Tabor room

Provided by LIV Sotheby’s International Realty

The house was built for Augusta Tabor’s brother, and his vigil was later held there. This bedroom is inspired by her.

“We looked at around 150 properties across the country before closing the Queen Anne,” Doshi said. “The idea was to try and find the right community for this anti-franchise business model, where we are aware of where our food comes from, have a deeper connection to the people around us and we make sure that those who stay at our facility feel they are staying somewhere that better represents the city, rather than another cookie-cutter hotel.

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