38 Unit Hotel off Interstate 5 Northern California

CA

Standard Q/Q Guestroom
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Asking Price: $3,400,000

Cash Flow: $332,958

Gross Revenue: $978,873

EBITDA: N/A

FF&E: $0

Inventory: N/A

Real Estate: N/A

Established: 2013

38 Unit Hotel off Interstate 5 Northern California

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Business Description

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Property has re-opened following the pandemic and sales are ramping up tremendously. Projected 2021 sales $1.1 million. The property is immaculate and the owner has completed numerous upgrades. Investment includes real estate, FF&E, Type 47 liquor license, restaurant, bar and more!!! Must see to appreciate the amount of real estate included in this investment. Staff and management are unaware of the pending sale so please be respectful and direct all correspondence to the owner and broker. Detailed financials will be made available to qualified buyers. Priced at $89k per unit!!!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
12
Facilities:
38-unit hotel renovated inside and out!! Immaculate property that has received numerous upgrades over the past few years. Main lodge also has a full restaurant and bar. RECENT IMPROVEMENTS: Dormakaba locks June 2021 Asphalt Parking lot Guestroom carpet On-demand water system Tile bathrooms Metal roofs New mattresses / box springs Exterior lighting Exterior corridor carpet Restaurant furniture Microtech wireless WIFI system New outdoor furniture Tesla charging stations Exterior/Interior paint
Competition:
Located in the heart of a tourist town with minimal competition. The only authentic lodge for this tourist town that generates business from around the world. located between Portland and the Bay Area, the property draws significant business from Interstate 5.
Growth & Expansion:
Nothing but upside with this investment!! Great management but with owner involvement could take this resort to new heights. Can be operated as limited service or full service. Currently the owner leases the restaurant and keeps all of the liquor sales associated with the type 47 liquor license included with the sale.
Financing:
Loan is not assumable. Owner can refer Buyer to SBA specialist for funding
Support & Training:
Managers can provide training post closing. The owner has some involvement in operations but this is a manager operated operation. Managers would love to stay on board and are 100% committed to the business!
Reason for Selling:
in contract to purchase a smaller inn.
Business Website:
http://www.shastainn.com
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Business Listed By:
Todd Anthis

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