1072 Ski Run Boulevard, South Lake Tahoe, CA

$5,790,000

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9,600

Square feet

0.57

Acres

About 1072 Ski Run Boulevard

Welcome to Alder Inn, a captivating hotel nestled in the heart of South Lake Tahoe, offering an exceptional blend of adventure and relaxation. This prime location is just moments away from the lake, a brief walk from Ski Run Beach and Marina, close to Heavenly Ski Resort's California Lodge, and near the lively Stateline area, bustling with nightlife and shopping options.Spanning 9,600 square feet, Alder Inn boasts 25 exquisitely designed units, accommodating a diverse range of guests. The selection 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 appeal and functionality.The hotel has seen significant upgrades, enhancing guest comfort and style. These improvements include 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.Financially, Alder Inn is a robust investment, listed at $5,790,000 with an 7.8% CapRate and a promising ProForma Cap of 11%. The hotel has a track record of strong performance, especially in peak tourist seasons, demonstrating its capability to capitalize on the region's seasonal appeal.Alder Inn is a turn-key operation, active on major booking platforms and supported by a loyal and experienced staff, ensuring a smooth transition for new owners looking to manage and grow this thriving business.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. Embrace the chance to own a slice of South Lake Tahoe's allure.

Features of 1072 Ski Run Boulevard

MLS® # 139696
Price $5,790,000
Square Footage 9,600
Acres 0.57
Year Built 1969
Type Commercial
Sub-Type Commercial
Status Active

Community Information

Address 1072 Ski Run Boulevard
Area Stateline
City South Lake Tahoe
County El Dorado
State CA
Zip Code 96150-8508

Amenities

Utilities ElectricityAvailable, City Sewer, NaturalGasAvailable, Septic, Cable TV, City Water
Has Pool No

Interior

Fireplace No
Stories Two
Has Basement Yes

Exterior

Windows Double Pane
Roof Composition
Construction Wood Frame
Foundation Slab

School Information

Attendance Zone BIJOU COMMUNITY SCHOOL, SOUTH TAHOE HIGH SCHOOL, SOUTH TAHOE MIDDLE SCHOOL

Additional Information

Date Listed December 22nd, 2023
Days on Market 66

Listing Details

AgentRyan Steward Smith
Office Contact530-545-0045

Listing Map

Listing Schools/Amenities

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