Alder Inn | 1072 Ski Run Blvd
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Alder Inn 1072 Ski Run Blvd
26 Room Hotel South Lake Tahoe, CA 96150 $8,192,908 CAD ($315,112 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.
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
- Offering Memorandum
- Operating and Financials
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 | $8,192,908 CAD | Lot Size | 0.57 AC |
| Price Per Room | $315,112 CAD | Building Size | 9,600 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Cap Rate | 9.15% | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built/Renovated | 1970/2016 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 10/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | $8,192,908 CAD |
| Price Per Room | $315,112 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 | $182.54 CAD | - |
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 027-123-023-000 | Improvements Assessment | $3,594,378 CAD |
| Land Assessment | $659,711 CAD | Total Assessment | $4,254,090 CAD |
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 |
-
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Alder Inn | 1072 Ski Run Blvd
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