Bison Peak Lodge at Puma Hills
Lake George, CO
Asking price
$6,795,000
Sites
—
Cap rate
9.00%
Price / site
—
About this property
RESORT From traditional rooms to modern glamping units, Bison Peak offers a number of hospitality choices ranging from (9) luxury rooms and ornately decorated cabins, fully appointed teepees, Conestoga wagon cabins, geodome tents and individual campsites. The property was originally constructed in 1940 and 1998 and has undergone a comprehensive expansion and renovation starting in 2018. The 4,050 square foot Bison Peak Lodge features a large guest reception area adjoining an expansive rock fireplace, commercial grade kitchen, game room, loft library and several walkouts to patio spaces that provide unobstructed mountain views. Furnishings, décor and artwork can be described as top quality and present a consistent theme throughout. The Nuche Pavilion event center was newly constructed in 2022 and can accommodate gatherings of up to 100 guests. The building spans 3,478 square feet though is divisible down to small break-out rooms along with an upper-level mezzanine. Additional features include a prep kitchen and beverage service area, men’s and women’s restrooms, extensive covered porch space, roll up glass doors (in bringing the outside in) and unique preserved moss walls. The event center provides a level of detail that is readily noticed from the sprawling wood beams, custom iron work, light fixtures, premium accent furnishings and decor. The thoughtfully landscaped areas adjoining the event center offer additional seating/gathering spots centered around a large-scale water feature. For outdoor events, the resort offers (3) tents, the largest of which can accommodate up to 200 guests (Sperry Tent). Additional resort amenities include outdoor fire pits, a walk-in cooler and freezer, game areas, a fishing pond, shower and restroom facilities, hiking trails and wildlife viewing. LAND The 36.72-acre resort parcel is situated in an idyllic setting with exclusive walk-in access to the surrounding Pike National Forest. A complimentary mixture of pine and aspen forests and rock outcroppings directly abut the site with the willow lined Second Creek traversing the property from west to east flowing towards Tarryall Creek. Second Creek is a seasonal flow stream that serves to fill beaver ponds, one of which has been stocked with trout. On grid electricity has been extended throughout the property with Starlink providing wi-fi service. Water service is provided by a well permitted for domestic and commercial use as approved through the Upper South Platte Water Conservancy District. The resort has been granted a Conditional Use Permit (CUP) through Park County. The CUP allows the resort to operate as both a retreat center and commercial campground (in perpetuity). Per the CUP, Phase I of an expansion can accommodate approximately 20-25 camping teepees and/or platform cabins. There are currently (19) pre-developed sites containing utility extensions ready for immediate expansion. Phase II of the expansion allows for 25 additional luxury teepees and/or platform cabins, which will similarly have access to utilities. SUMMARY Bison Peak has historically been operated as a non-profit for Veterans and First Responders though it maintains all the components for adaptation to a new owners vision. The property has hosted numerous weddings, corporate retreats, music venues, US Olympic teams as well as individual party stays. Don’t miss your opportunity as a readily expandable property with secured approvals in-place is a rarity in the market. The property is priced on a turnkey basis that includes licenses, furniture, equipment, inventory, assets and trademarks. Call Brent Hedrick for additional details and to schedule your private showing.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $6,795,000 |
|---|---|
| Cap rate | 9.00% |
| Address | 20859 County Road 77 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
