947 Park Ave - Hospitality FOR SALE


South Lake Tahoe, CA 96150
$3,500,000 USD
530-525-2304
947 Park Ave, South Lake Tahoe, CA for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

947 Park Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Prime South Lake Tahoe Location
  • High Barriers to Entry
  • Opportunity Zone Benefits
  • Turnkey Management Company and Ecosystem Included in Sale
  • Recent Capital Improvements
  • Operational Upside

OVERVIEW

NAI Tahoe Sierra, as exclusive advisor to the Seller, is pleased to offer the opportunity to purchase a fee simple interest in Moose and Maple Lodge, a 14-key hotel (of which four are double suites with lock offs, increasing key count to 17) in South Lake Tahoe, CA. The property sits on 0.55 acres of land and includes ample parking, a swimming pool, and outdoor gathering spaces. Moose and Maple Lodge is ideally located steps from the beaches of scenic Lake Tahoe and the Heavenly gondola, providing year round access to world-class outdoor recreation as well as abundant shopping, dining, and entertainment options which attract over 15 million annual visitors to the Tahoe region. Originally built in 1964, the property has recently undergone capital improvements to create a diverse product offering of rooms and suites with modern finishes and amenities. Current ownership has also developed a leading proprietary 3rd party management platform in South Lake Tahoe ("Adventure Stays") which is potentially included in the sale, allowing a new owner to inherit dedicated staff and a full tech stack to passively handle bookings, accounting, maintenance requests, and more. Turnkey management opportunities like this are rare in the Tahoe market which has traditionally been dominated by an aging ownership demographic with outdated systems in place. Additional operational upside remains for a savvy operator seeking to implement their own best practices and reduce reliance on outside booking agencies or scale the management platform to oversee a larger portfolio going forward. The offering represents a rare opportunity to acquire a hospitality asset with turn-key management and branding in place, immediately achieving scale and stability within the most desirable and supply-constrained section of Lake Tahoe.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$492 USD /SF

# OF ROOMS

14

PRICE/ROOM

$250,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Moose and Maple Lodge South Lake Tahoe

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

TC

APN/PARCEL ID

029-064-006-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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