Alder Inn | 1072 Ski Run Blvd
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Alder Inn 1072 Ski Run Blvd
26 Room Hotel South Lake Tahoe, CA 96150 £4,366,153 (£167,929/Room) 9.95% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Actual CAP 9%
- Upgraded units, updated managers unit, new deck.
- Walking Distance to the Lake, down the road from Heavenly Ski Resort
EXECUTIVE SUMMARY
Welcome to Alder Inn, a boutique hotel near Lake Tahoe’s South Shore, and Heavenly Mountain Ski Resort. Offered at $5.49M with an actual CapRate of 9%. We have additional financials, photos, and STR reports available to any qualified buyer upon request.
Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 7 Single Queens, 4 Double Queens, 2 Managers Unit / Family Suite, and 1 ADA accessible Single Queen. One of the most unique features of Alder Inn is it’s managers unit, a versatile potential for future rental either as a spacious 3-bedroom, 2.5 bathroom unit or separated and rented as a 1Bd 1.5Ba with living room and kitchen, and a 2Bd 1Ba upstairs unit with a larger room that has space for a TV area. Additionally this space could be reimagined for an on site manager.
Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.
Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.
Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.
Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 7 Single Queens, 4 Double Queens, 2 Managers Unit / Family Suite, and 1 ADA accessible Single Queen. One of the most unique features of Alder Inn is it’s managers unit, a versatile potential for future rental either as a spacious 3-bedroom, 2.5 bathroom unit or separated and rented as a 1Bd 1.5Ba with living room and kitchen, and a 2Bd 1Ba upstairs unit with a larger room that has space for a TV area. Additionally this space could be reimagined for an on site manager.
Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.
Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.
Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £4,366,153 | Lot Size | 0.57 AC |
| Price Per Room | £167,929 | Building Size | 9,600 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Net Initial Yield | 9.95% | Number of Floors | 2 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1970/2016 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 10/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | £4,366,153 |
| Price Per Room | £167,929 |
| Sale Type | Investment |
| Net Initial Yield | 9.95% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 9,600 SF |
| No. Rooms | 26 |
| Number of Floors | 2 |
| Year Built/Renovated | 1970/2016 |
| Tenancy | Single |
| Parking Ratio | 10/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 26 | £102.59 | - |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 027-123-023-000 | Improvements Assessment | £2,540,496 |
| Land Assessment | £811,198 | Total Assessment | £3,351,693 |
PROPERTY TAXES
Parcel Number
027-123-023-000
Land Assessment
£811,198
Improvements Assessment
£2,540,496
Total Assessment
£3,351,693
ZONING
| Zoning Code | TC |
| TC |
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Alder Inn | 1072 Ski Run Blvd
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