14255 State Route 88 - Hospitality FOR SALE


Hope Valley, CA 96120
$7,000,000 USD
530-525-2304
14255 State Route 88, Hope Valley, CA for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

14255 State Route 88
Hope Valley, CA 96120


HIGHLIGHTS

  • Offering includes two formerly separate resorts (Sorenson's and Hope Valley Resort & Campground) which current ownership has combined.
  • The property offers a wide variety of guest accommodations ranging from camping and RV sites to yurts, bungalows, cabins and cottages.
  • Designed by outdoor enthusiasts, accommodations combine rustic adventure and conscious luxury.
  • The Property includes two full service restaurants and gift shops as well as a wood-fired sauna, bath house, and ample outdoor gathering spaces.
  • Numerous hiking/biking trails, fishing spots, and all the world-class outdoor recreation of the Tahoe region within minutes of the property.

OVERVIEW

NAI Tahoe Sierra is pleased to offer for sale Desolation Hotel Hope Valley ("the Property"), a highly unique resort on approximately 165 acres nestled in the foothills of the Sierra Nevada mountains. The property consists of 47 guest accommodations ranging from camping and RV sites to yurts, bungalows, and spacious fully-equipped cottages. There are also two on-site restaurants (Sorensen's Restaurant and Hope Valley Bar & Grill) with gift shops, a wood-firedsauna, an outdoor dining and bar area, and immediate access to hiking, fishing, biking, resort and backcountry skiing, and an abundance of outdoor recreation activities. Desolation Hotel Hope Valley has a history that goes back centuries. Initially cared for be the native Washoe tribe, colonized by the Mormons, purchased at the turn of the century, and gradually developed into a resort where weary travelers could rest and recharge surrounded by nature. Current ownership recently renovated the property to inject more vibrance into what was already a beloved yet homely resort, adding luxury elements an eco-friendly amenities to the rustic authenticity of the property. The offering presents an opportunity to acquire a historic, one-of-a-kind vacation destination on with significant acreage and amenities in the heart of Hope Valley

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$312 USD /SF

# OF ROOMS

26

PRICE/ROOM

$269,231 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desolation Hotel Hope Valley

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

86.53 AC

LAND SF

3,769,455 SF

ZONING

AG

APN/PARCEL ID

01-030-008-0-0,01-070-003-0-0

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.