Denver bed and breakfast hits market for $4 million

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

But 2018 came and went, and he said he didn’t have the heart to let go of it.

“When we crossed that 10-year mark, the business was great in terms of sales and repeat customers, and I’ve still enjoyed it immensely, and continue to do so to this day,” said Doshi. “So we kept pushing ourselves.”

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

Milan Doshi, owner of The Queen Anne Bed & Breakfast

Lily O’Neill, BusinessDen

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

“It has been my legacy to run this place over the years, but it feels like it’s time for the next chapter,” said Doshi. “We are not in a desperate situation like last year when there were many question marks about what the market would be like. It’s a place again that anyone who wants to take over this property, whether they run the bed and breakfast or not, there is so much potential. If there is another mission that someone else has for this room, it could also be this time. “

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

Doshi said the bed and breakfast has been 90 percent occupied since reopening in May this year after the pandemic. He wants to keep working until he finds a new buyer.

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

Augusta Tabor's room

Provided by LIV Sotheby’s International Realty

The house was built for Augusta Tabor’s brother and later her wake was held there. This room is inspired by her.

“We looked at about 150 properties across the country before closing The Queen Anne,” said Doshi. “The idea was to find the right community for this anti-franchise business model, where we pay attention to where we get our food from, have a deeper connection with the people around us and make sure that those who are in our Stay at home, feel good You live in a place that represents the city better than in another fancy hotel. “

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