For Sale by Owner (for now)
10% Cap Rate
4.82 +/- acres. ~30,000 sq. foot main lodge with 35 room hotel, steakhouse, gift shop, common areas, newly remodeled patio with covered pergola. Basement level of the hotel includes a large laundry room, 2 fully furnished apartments (~600 sq. feet each) for staff or rentals, and 2 large storage rooms (~600 sq feet each). Additional "Manager's" house for staff or rental (~1000 sq. feet) with 2 bedrooms, 1 bathroom.
35 Room Hotel
All electric heaters and in the summer window mounted A/C's are primarily installed between mid-June and mid-September.
2 centrally located 100 gal propane water heaters with re-circulation system to keep hot water at the taps. Heaters themselves are only 3 years old.
Freshly upgraded commercial DirecTV system with the residential experience and 32" flat screen TV's.
WiFi throughout the building with bandwidth throttling capabilities so everyone gets a fair amount of internet speed.
-27 rooms with 2 queen beds.
-6 rooms with a king bed. 1 of which has a walk-in shower/ADA.
-1 family room with 2 queen bed and a separate room with 2 Twin beds.
-1 family room with a king beds and a separate room with 2 twin beds.
Peak seasons are July through September and Christmas through March with an average rental rate of $109/night and occupancy rate of 69%.
Off Season average rate is $89/night and occupancy rate of 10%.
Main dining room currently accommodates up to 50 guests with a separate banquet/overflow hall accommodating up to 60 people as configured.
There is also a newly remodeled patio area with a covered pergola capable of seating up to another 30 people between 4 custom made live slab tables/benches.
Most appliances in the kitchen are no more than 2 years old.
Gift Shop and Common Areas
-Large gift/souvenir shop space with a 2nd floor/loft area.
-Coffee/Snack room with new vending machines and 3 dining tables convertible to poker tables.
-Theater room with elevated seating up 15 people around a big screen TV with DirecTV or over 300 DVD titles.