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.
“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.
“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. “
The Queen Anne was not for sale at the time, but Doshi contacted previous owner Tom King after being told that King had at some point considered selling it.
“Tom wanted it to be a bed and breakfast, and when he and I had some of these conversations about my vision, it felt good. When we came here for the first time and saw the park across the street, the gardens in the background and the location and accessibility, we knew that it was the best property we had ever seen in our search. “
Three and a half weeks before the Democratic National Convention, held in Denver that year, the family completed a nearly $ 100,000 renovation of the building in preparation for a full booking with The Hill newspaper staff.
“Every inch was covered with floral wallpaper and carpets,” said Doshi.
The renovation included new hardwood floors, a large custom-made wooden dining table for all guests, and platform beds in each room. Each room has also been individually redesigned by a local artist, including Meow Wolf artist Andi Todaro.
The Victorian building was originally built in 1887 and designed by the famous Denver architect Frank Edbrooke, who is responsible for The Brown Palace and The Oxford Hotel. It is one of the last residential buildings he designed that is still standing.
Edbrooke designed it for Edwin Pierce, brother of the famous philanthropist Augusta Tabor. Doshi said stories have been passed on by each innkeeper, including that Augusta moved in with her brother during her divorce with Horace and kept her wake there. A room in the inn is dedicated to her.
“This whole area was later annexed and demolished by the city of Denver in anticipation of the 1976 Winter Olympics,” Doshi said. “The park was meant to be the village of athletes and the press, and that used to be a total of 12 rows of Victorians. So there was a group of lawyers focused on this house for the protection of the federal government, and it became one of the building blocks to turn down the 76 Olympics. Chuck Hillstead, one of the attorneys, founded this as a bed and breakfast in 1986. “
After Hillstead, King took over the bed and breakfast in 1991 and bought the house next door at 2151 Tremont Place to expand the business. Together, the two Victorian houses have a total area of 9,102 square meters.
The flexible zoning allows endless possibilities to modify or redesign the space, be it for short-term rentals, group living, corporate retreats, events, retail or restaurant use, Doshi said.
“Operating a full-service bed and breakfast in the world of Airbnbs and commercial hotels is a declining industry,” Doshi said. “This is by no means easy and requires a lot of work and commitment to the space. But I would be really proud if someone continued to run it as a bed and breakfast and see how the legacy of The Queen Anne continues. It is a wonderful lifestyle when you have the courage to have conversations with people every day and enjoy doing so. “
The bed and breakfast is being offered for sale by LIV Sotheby’s International Realty brokers Jon Goldberg and Michelle Seward and Mike O’Neil of Pinnacle Real Estate Advisors.