Listing ID : NP22211787
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Beds
1 -
Lot Size
38,093 Sqft
Description
This two-story franchise hotel has 49 rooms and has exterior corridor. It has been maintained in an excellent condition. The new owner has conducted an over a million of dollars renovation since the acquisition in 2018. Room interiors have been completely upgraded. Room rates and occupancy rates have both increased dramatically. Since the pandemic recovery, the revenue has almost doubled. The guest rooms contain a micro-fridge combo along with free WiFi. It includes a breakfast option for guests in the morning along with ample parking for larger vehicles. Also included on this property is an on-site restaurant/cafe which has an established well-known reputation that the hotel leases to. Fort Bragg is a booming tourist location and this hotel is in the heart of the city, which is also the largest coastal city in Mendocino County. It is situated on U.S. Highway 1, which travels along the Pacific coast throughout California. The hotel is within walking distance to the popular Glass Beach. It is also in short proximity to the prestigious Mendocino Coast Botanical Gardens. Whale Watching is one of the most popular attractions during the winter and spring as it brings thousands of visitors every year, retired senior citizens and young backpackers alike.
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Area Information 95437
Population:
49.84%Female
41.12%Rented
12.28%Vacant
6.81%Associate
14.54%Bachelor
9%Graduate
History
| Date | Transaction | Price | Mortgage Amt & Lender |
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Date
Jul 04, 2021
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Transaction
Expired - Residential IncomeNP19267205
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Price
$4,500,000
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Mortgage Amt & Lender
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Date
Nov 08, 2019
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Transaction
Expired - Residential IncomeOC18108216
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Price
$2,500,000
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Mortgage Amt & Lender
-
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