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1072 Ski Run Boulevard

South Lake Tahoe, CA 96150
  • $5,790,000
  • STATUS: Active
  • ON SITE: 123 Days
  • MLS #: 139696
UPDATED: 85 min ago
$5,790,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,600
    SQFT
  • $603
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:
Area:

School Ratings & Info

Description

Welcome to Alder Inn, a captivating hotel nestled in the heart of South Lake Tahoe, offering an exceptional blend of adventure and relaxation. This prime location is just moments away from the lake, a brief walk from Ski Run Beach and Marina, close to Heavenly Ski Resort's California Lodge, and near the lively Stateline area, bustling with nightlife and shopping options.Spanning 9,600 square feet, Alder Inn boasts 25 exquisitely designed units, accommodating a diverse range of guests. The selection includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its appeal and functionality.The hotel has seen significant upgrades, enhancing guest comfort and style. These improvements include 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.Financially, Alder Inn is a robust investment, listed at $5,790,000 with an 7.8% CapRate and a promising ProForma Cap of 11%. The hotel has a track record of strong performance, especially in peak tourist seasons, demonstrating its capability to capitalize on the region's seasonal appeal.Alder Inn is a turn-key operation, active on major booking platforms and supported by a loyal and experienced staff, ensuring a smooth transition for new owners looking to manage and grow this thriving business.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. Embrace the chance to own a slice of South Lake Tahoe's allure.

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© 2024 South Tahoe Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Real Estate Experts. Data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts. Data last updated: 2024-04-24T13:19:13.423.

Licensed in the state of California.
www.tahoerealestatesearch.com/homes/146202722
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1072 Ski Run Boulevard South Lake Tahoe, CA 96150

  • Price: $5,790,000
  • Status: Active
  • On Site: 123 Days
  • Updated: 85 min ago
  • MLS #: 139696
0
Beds
0
Baths
0
½ Baths
0.57
Acres
9,600
SQFT
$603
$/SQFT
1969
Built
Neighborhood:
Stateline
County:
El Dorado
Area:
Stateline
Property Description
Welcome to Alder Inn, a captivating hotel nestled in the heart of South Lake Tahoe, offering an exceptional blend of adventure and relaxation. This prime location is just moments away from the lake, a brief walk from Ski Run Beach and Marina, close to Heavenly Ski Resort's California Lodge, and near the lively Stateline area, bustling with nightlife and shopping options.Spanning 9,600 square feet, Alder Inn boasts 25 exquisitely designed units, accommodating a diverse range of guests. The selection includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its appeal and functionality.The hotel has seen significant upgrades, enhancing guest comfort and style. These improvements include 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.Financially, Alder Inn is a robust investment, listed at $5,790,000 with an 7.8% CapRate and a promising ProForma Cap of 11%. The hotel has a track record of strong performance, especially in peak tourist seasons, demonstrating its capability to capitalize on the region's seasonal appeal.Alder Inn is a turn-key operation, active on major booking platforms and supported by a loyal and experienced staff, ensuring a smooth transition for new owners looking to manage and grow this thriving business.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. Embrace the chance to own a slice of South Lake Tahoe's allure.
Exterior Features

Construction Wood Frame Location Corner Lot Roof Composition

Interior Features

Ceiling Height 8 ft. to 10 ft. Floor CarpetWood Foundation Slab Heating Cooling Natural Gas Number Of Stories Two Restrooms Three or More Windows Double Pane

Property Features

CCRs No Cross Street Address Alder Current Use Hotel/Motel Property Subtype1 Commercial Square Footage Source Tax Data Tenant Pays Nothing Utilities ElectricityAvailableCity SewerNaturalGasAvailableSepticCable TVCity Water Water Heater Natural Gas Zoning Commercial

Listing information © 2024 South Tahoe Association of Realtors.
Listing provided courtesy of Ryan S Smith of Compass: rsmith@compass.com, 530-545-0045.


© 2024 South Tahoe Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Real Estate Experts. Data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts. Data last updated: 2024-04-24T13:19:13.423.

Licensed in the state of California.
 
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