The motel is an extremely well located opportunity for an owner-operator.
Originally 24 rooms with a manager’s apartment, two of the rooms were converted to suites making 22 rentable rooms.
Renovations have been on-going with several of the rooms paneled in pine and using rustic pine furniture.
The property consists of two legal parcels, one with the motel and the other a parking lot. There is a storm drainage basin across the street which prevents anyone from building there. Because two rooms were eliminated with the suite renovation, the motel has the right to build two more rooms. There is room to do so in the grassy picnic area in front of the office.
This is a turnaround opportunity for the right operator. Historic income levels were in the mid to high three hundred thousand range.
With aggressive marketing and internet promotions those income levels can be realized again.
The location is superb, near all the Lake Tahoe attractions.
The casinos, beach, restaurants and the new chairlift to Heavenly are all within easy walking distance.
Across Park Avenue is the 3 Peaks Resort, an upscale facility commanding high rates and very successful.
There is ongoing discussion of removing hundreds of rooms from the market and building a conference center between the motel and the casinos.
The Heavenly Ski Resort continues to make improvements and upgrades. The ski-lift near the motel has been a huge success and allows easy access to the slopes for guests.
The motel has historically been marketed as an adult getaway and does not have a pool. Many of the rooms have whirlpool tubs.
Many of the rooms have mirrors behind and over the bed.
Some of the bathtubs are heart shaped red units.
22 Rooms with 2 Suites
Spas and Fireplaces
Close to Casinos, Chairlift and Beach
Owner will lease at Attractive Terms
Asking Price $1,200,000
Owner will consider offers to lease at attractive terms to a new tenant, including offering an Option to Purchase at some point in the future. Contact agent to discuss other leasing terms and conditions.