PRICED TO SELL AT 3.68X Trailing-12 Months Room Revenue
ALL PROPERTY TOURS BY APPOINTMENT. PLEASE CONTACT LISTING AGENT FOR CONFIDENTIALITY AGREEMENT AND TO SCHEDULE A TOUR.
Avison Young, as sole exclusive agent, is pleased to offer for sale the Best Western Station House Inn located at 901 Park Avenue in South Lake Tahoe, California. Located only two blocks from the shore of Lake Tahoe and within easy walking distance to the Stateline casinos, the property features 96 guestrooms, a full bar and restaurant, outdoor heated pool, whirlpool, business center, complimentary made-to-order breakfast and high speed internet. The flat, south-facing, 1.86 acre parcel is beautifully landscaped and shaded by towering pine trees providing a peaceful mountain atmosphere in the heart of the South Lake Tahoe Tourist Core.
Additionally, the hotel is located only 4 blocks from the Heavenly Village and Heavenly Gondola which allows skiers and snowboarders easy access to the 4,630 skiable acres of Heavenly Mountain Resort spread across California and Nevada. Heavenly Mountain Resort is famous for its 28 chairlifts, 97 trials, 3,500 vertical feet, 10,067 summit and breathtaking views of Lake Tahoe and the Sierra Nevadas.
This offering represents an opportunity to acquire an ideally located, well-maintained asset in an upward trending resort market. The Best Western Station House Inn is positioned to benefit greatly from continued improvement in South Lake Tahoe, increased operational efficiencies and overall market growth.
