Monterey Hotel | 407 Calle Principal
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Monterey Hotel 407 Calle Principal
69 Room Hotel Monterey, CA 93940 £13,316,100 (£192,987/Room)
Investment Highlights
- Historic Downtown Location
- Seven Street-Level Retail Spaces
- High Barrier To Entry Market
- New Wing Added in 2016
- Walking Distance To Major Local Attractions
Executive Summary
The Monterey Hotel, located at 407 Call Principal in Monterey, California, was originally built in 1904 and consisted of 45 rooms. Well located in an excellent position on one of the busiest streets in downtown Monterey, this historic property has undergone additional construction and extensive renovation that was completed in 2016 and included the addition of 24 new rooms. The 39,096 SF boutique hotel is a blend of a historic and new building and sits on 0.41 acres and now features 69 rooms in total. Seven street-level retail spaces provide additional revenue and upside potential. The Monterey Hotel is within walking distance of the Monterey Bay, Fisherman's Wharf and the Monterey Bay Aquarium, as well as the convention center, many fine restaurants, retailers and other amenities.
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Property Facts
| Price | £13,316,100 | Lot Size | 0.41 AC |
| Price Per Room | £192,987 | Building Size | 39,036 SF |
| Sale Type | Investment | No. Rooms | 69 |
| Property Type | Hospitality | Number of Floors | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1904/2016 |
| Building Class | B | Corridor | Interior |
| Price | £13,316,100 |
| Price Per Room | £192,987 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 39,036 SF |
| No. Rooms | 69 |
| Number of Floors | 4 |
| Year Built/Renovated | 1904/2016 |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Spa
- High Speed Internet Access
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | £191.13 | - |
| Guest Room | 65 | £128.46 | - |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 001-572-025-000 | Improvements Assessment | £0 |
| Land Assessment | £328,515 | Total Assessment | £328,515 |
PROPERTY TAXES
Parcel Number
001-572-025-000
Land Assessment
£328,515
Improvements Assessment
£0
Total Assessment
£328,515
zoning
| Zoning Code | VAF (Visitor Accomodation Facility) |
| VAF (Visitor Accomodation Facility) |
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Monterey Hotel | 407 Calle Principal
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