Hotel/Motel for Sale in Southern California, San Francisco, CA 96150

Inn By The Lake Portfolio
3300 Lake Tahoe Blvd, South Lake Tahoe, CA 96150

Hotel / Motel For Sale
Price:$12,695,000 No. Rooms:99
Building Size:83,477 SF Price/Room:$128,232.32
Property Type:Hotel & Motel Property Sub-type:Full Service
Property Use Type:Investment Cap Rate:9.50%
Average Daily Rate:$134 RevPAR:$46
Average Occupancy:34%
No. Stories:2
Year Built:1972
Corridor:Interior
Lot Size:7.09 AC

Local Map 

Description
Marcus & Millichap is pleased to offer for sale the iconic Inn By the Lake Hotel,
Event Center, Bear Beach and Tahoe Bowl and Mobile Home Park. The property
is situated on 7.09 acres on the shore of beautiful Lake Tahoe, one of the most
popular tourist destinations in the world. Still owned and operated by the original developer, this unique hospitality offering allows a new investor to take stewardship of a destination resort that is irreplaceably located with monumental barriers to entry in one of the most pristine settings in the world. The asset is anchored by a 99 room interior corridor hotel that includes a well appointed reception area, pool and spa, exercise facility and event center. The hotel is complemented by a 16 lane bowling alley (Tahoe Bowl) that includes a
lively restaurant, the 11th Frame Diner, and accompanying sports bar. The property also contains a 3,400 sq. ft. Restaurant (Bear Beach Cafe) that is leased to a local operator on a NNN Lease for the next 4 years. A new investor will also acquire a 35 space mobile home park (Tahoe Riviera Mobile Home Park) which includes 5 trailers of the 11 occupied spaces. Please Call Broker for futher Details.

This is a once in a lifetime opportunity to acquire a 7.09 acre lake front assemblage
with significant upside through repositioning. The property is conveniently located
on Lake Tahoe Blvd. in South Lake Tahoe and has commanding views of the lake
and mountainous surroundings.