For Sale by Owner (for now)
Asking $3,150,000
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.
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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%. |
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Steakhouse
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. |
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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. |
