P'burg hotel restored, ready for business

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The construction of the switching yards in Phippsburg required several hands, which in turn required appropriate housing.

The Denver Northwestern and Pacific Railway Company began construction of the switching yards in 1908 and built a two-story wooden apartment building for its employees along Colorado Highway 131 shortly afterward.

The coal-fueled wooden building burned in 1947, according to lifelong Phippsburg residents, Louise and Ray Iacovetto. The Iacovetto Market was next door, and railroad employees had to pump water across the highway onto the roof of the market to save it from the flames, Louise Iacovetto said.

After the fire, the railroad workers converted old boxcars and a caboose to use as temporary housing until their new 5,600-square-foot, two-story brick building was constructed in place of the wooden building in 1951, according to the original architectural drawings.

The brick building stands sturdily today, after being used for many years as the Phippsburg Motel and Restaurant. Harold Sibal ran the business successfully in the 1960s, '70s and '80s, but let the building run down over the years.

In 1999, Mike Teeters of Teeters Construction Inc. bought the old hotel and completely renovated the 19-room interior and brick exterior.

Teeters completed major projects including installing a new heating system, electrical wiring, plumbing, bathroom fixtures, drywall and painting. Teeters also installed new furniture in all the rooms and new machines in the laundry room.

"Buy the place, put up a sign, and you're in business," Teeters said. "It's ready to go. It would be good for a younger couple. One could raise the kids and run the hotel at the same time. But the building could be used for anything."

After Teeters put a lot of time and money into the building, he managed the hotel and a convenience store on the first floor for about six months, dubbing the place "Teeters' Towers." Business was good, as fishermen and hunters from Stagecoach and the Flat Tops often stopped by. However, Teeters also was trying to run his construction company.

"There's no doubt, if I was not in the constriction business, I could live and work there and do well," Teeters said. "But I had too many irons in the fire. I couldn't keep up with it all."

Teeters listed the property with Town and Country Properties Inc. a month ago. The asking price is $299,000, below the appraised value, says Jane Stitt of Town and Country.

"It's like a brand new place inside," Stitt said. "And it's an incredible value."

The hotel features a two-bedroom apartment near the front that was used as the manager's apartment.

"There are two retail spaces up front as well that would be perfect for a convenience store or a bait shop," Stitt said. "The rest of the building could remain a hotel, or it could be turned into an office building or apartments."

Each room, however, does not have its own bathroom. Bathrooms are at the end of each hall.

For more information about the building, call Stitt at 736-1000.

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