NAI Tahoe Sierra, as exclusive advisor to the Seller, is pleased to offer the opportunity to purchase a fee simple interest in Ambassador Lake Tahoe ("The Property"), a 57-key vintage hotel situated on 1.03 acres in the heart of South Lake Tahoe. Originally built it 1966, the property has undergone recent capital improvements while preserving its retro charm. Ownership shut down bookings during the COVID-19 pandemic, utilizing the time off to address long-term deferred maintenance such as replacing the roof, windows, and boilers, and has only recently resumed operations. Amenities include a swimming pool, lobby, ample parking spaces, and original signage overlooking Manzanita Avenue. Most importantly, the Property is conveniently located in the Tourist Core, a short walk to both the beaches of Lake Tahoe as well as Heavenly Village, providing convenient access to world class outdoor recreation and plentiful options for shopping, dining, and nightlife. The offering represents an opportunity to acquire a unique hotel in the most desirable and supply constrained submarket of South Lake Tahoe. Significant value-add potential remains for more comprehensive interior renovations and operational enhancements.