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Alder Inn 1072 Ski Run Blvd

26 Room Hotel South Lake Tahoe, CA 96150 $8,147,572 CAD ($313,368 CAD/Room) 9.15% Cap Rate

Investment Highlights

  • ProForma CAP 11% Actual CAP 9%
  • Upgraded units, updated managers unit, new deck.
  • Walking Distance to the Lake

Executive Summary

Welcome to Alder Inn, a boutique hotel near Lake Tahoe’s South Shore, and Heavenly Mountain Ski Resort. Offered at $5.79M with an actual CapRate of 9% and a supporting ProForma Cap of 11%+. We have additional financials, photos, and STR reports available to any qualified buyer upon request.
Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its functionality.
Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.
Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.
Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $8,147,572 CAD
Price Per Room $313,368 CAD
Sale Type Investment
Cap Rate 9.15%
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.57 AC
Building Size 9,600 SF
No. Rooms 26
No. Stories 2
Year Built/Renovated 1970/2016
Tenancy Single
Parking Ratio 10/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 26 $181.53 CAD -
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
027-123-023-000
Land Assessment
$659,711 CAD
Improvements Assessment
$3,594,378 CAD
Total Assessment
$4,254,090 CAD

zoning

Zoning Code TC
TC
  • Listing ID: 30350900

  • Date on Market: 2023-12-12

  • Last Updated:

  • Address: 1072 Ski Run Blvd, South Lake Tahoe, CA 96150

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