Castle Rock
Motel.
A future Colorado classic — a modern nostalgic motor lodge reimagined for the way we travel now.
A modern nostalgic
motor lodge reimagined
for Colorado.
Not a hotel. Not a resort. A small, intentional house of hospitality — built around a courtyard, a fire, a long table, and a sky that still remembers what dark looks like.
The right town,
at the right hour.
Castle Rock sits at the centerline of Colorado's strongest demand corridor — between Denver and the Springs, ringed by trails, and now visibly accelerating with lifestyle migration and downtown investment.
Corridor demand
Denver + Springs commuter, leisure, and event travel converging on a single walkable downtown.
Trail-connected
East Plum Creek Trail, Philip S. Miller Park, and the Ridgeline Open Space minutes from the front door.
Lifestyle migration
Douglas County is among the highest-income, highest-growth submarkets in the Mountain West.
The Brickyard validates
the demand.
We are the counterweight.
A rising tide is a strategic gift to a deliberately differentiated product. The Brickyard proves Castle Rock can absorb meaningful hospitality. The Motel captures a guest the Brickyard cannot serve — and was never designed to.
A place that asks you
to put your phone down.
Experiential hospitality is a behavior, not a finish package. Every decision serves a single test — does it make a guest stay outside one minute longer?
The fire is lit
at four.
Hospitality is a rhythm, not an amenity. The Motel programs its week the way a small Colorado town programs its summer — quietly, generously, and on a first-name basis.
A single guitar in the courtyard. String lights. The fire kept until last call.
A linen sheet between the cottonwoods. Wool blankets. A bowl of popcorn from the café.
One menu. One seating. Strangers leaving as something closer to neighbors.
East Plum Creek at sunrise. Cedar steam by noon. Cold plunge under cottonwoods.
Slow mornings at the bar. A glass and a record by dusk. The same room, transformed.
Lit at four. Tended until the last guest stands. The quiet center of every stay.
Four minutes to Festival Park. Twelve to a trailhead. Two to coffee. The Motel doesn't compete with downtown Castle Rock — it borrows it, and gives it back to the guest.
The courtyard
is the building.
The plan inverts the standard motor lodge — circulation, F&B, and wellness all open onto a single activated courtyard, the literal and emotional center of the guest stay.
+ Bar
Wine · Night
Small enough
to be real.
The program is sized to keep operations human, capital disciplined, and the guest experience close.
Resiliently
capitalized.
A disciplined stack designed for hospitality reality: conservative leverage, full operational reserves, and Historic Tax Credit proceeds modeled as future debt paydown — not source of funds.
Reserves are
the quiet thesis.
Eight-hundred and fifty thousand dollars of patience — the structural answer to the two questions every hospitality lender asks: ramp and risk.
Underwritten
like a lender
would build it.
Conservative occupancy ramp. ADR positioned below regional boutique comps. Stabilization at the 36-month mark — not at the ribbon-cutting.
The deal
survives downside.
At a 200 bps occupancy haircut and a $25 ADR reduction, DSCR remains above 1.15× — protected by reserves, conservative leverage, and leased F&B.
Operators we trust.
Risk we don't take.
Both F&B suites are leased to established Colorado operators — reducing operational complexity, deepening community legitimacy, and converting variable hospitality risk into contractual income.
A neighborhood coffee program — pastry, slow mornings, locals at the bar before guests stir.
Curated bottles, low lighting, a small list of plates. The same room, transformed by hour and intent.
A full-service dinner program by a proven Front Range operator — drawing downtown trade in addition to in-house guests.
An experienced
sponsor team built
for complex execution.
The Castle Rock Motel redevelopment is being led by an experienced sponsor team combining hospitality operations, adaptive reuse redevelopment, historic tax credit execution, design leadership, and construction coordination.
Chief Operating Officer, Adventure Homes
Kathryn Wiley is a real estate developer, hospitality operator, and project executive with more than 30 years of experience across residential, commercial, renovation, and adaptive reuse projects.
She specializes in hospitality-oriented redevelopment, complex renovation execution, and community-driven placemaking projects that combine operational discipline with experiential positioning and long-term value creation.
Kathryn has successfully led projects involving Historic Tax Credits, including the redevelopment of the Historic Robinson Theater in Richmond, Virginia — a landmark adaptive reuse project requiring coordination across historic preservation, redevelopment, financing, consultants, and construction stakeholders.
As Chief Operating Officer of Adventure Homes, Kathryn oversees operations tied to luxury short-term rental and hospitality-oriented properties in Colorado — including project execution, construction coordination, operational systems, and high-end guest experience management.
Why this sponsor.
Hospitality, design
& creative leadership.
Medium Plenty is a California-based architecture and interior design studio with completed work across the U.S. and internationally. The firm is known for its integrated approach, blending architecture and interiors into cohesive, highly considered environments. Their work emphasizes materiality, clarity of concept, and a strong connection between space and experience — particularly within residential and hospitality contexts. For Castle Rock Motel, Medium Plenty brings a proven ability to reposition existing structures into compelling, community-oriented destinations that balance design ambition with practical execution.
A Colorado-based interior designer known for elevated, hospitality-driven environments that combine warmth, texture, and a strong visual identity — shaping a distinctive boutique guest experience grounded in Pendleton-warmth and Colorado materiality.
Strategic partners
& project support.
Compensation
aligned with
execution.
Sponsor economics are structured to remain modest during development and tied to performance after opening — keeping incentives aligned with capital partners through every phase.
Sponsor manages the historic process, GC coordination, designer, architect, lender and investor communication, and asset-level oversight.
Sequenced.
Validated. Bankable.
Every risk has
a named answer.
The star above
the town below.
Every guest stay frames the same horizon — the rock, the star, and the quiet weight of a place that has always known itself.
A property
built to compound.
Not a flip. A hospitality asset designed to deepen with time — stabilizing into a defensible, refinanceable, brand-able piece of downtown Castle Rock.
- 01Conservatively capitalized at 62% LTC with $850K of stabilization reserves
- 02Adaptive reuse defensibility — historic fabric, HTC eligibility, downtown overlay
- 03Long-term land value appreciation in a top-quartile growth submarket
- 04Experiential hospitality demand outpacing conventional product nationally
- 05Walkable to Festival Park, restaurants, Downtown Castle Rock retail
- 06Municipal support and active downtown investment thesis
- 07Differentiated complement to Brickyard — captures spillover, defines its own lane
Reimagining hospitality
in downtown Castle Rock.
We are now in conversation with aligned investors, debt relationships, and strategic hospitality partners. We would welcome yours.