For Sale
$10,000,000

1440 Mission Dr Solvang, CA 93463

Charming 39-room boutique hotel in Solvang, CA.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 39-key European-style boutique hotel, located at 1440 Mission Dr, Solvang, CA 93463, presents a compelling investment opportunity. Built in 1968 and extensively renovated in 2023, the property boasts a desirable location in the heart of Santa Barbara County's vibrant Santa Ynez Valley. The hotel sits on a 0.79-acre lot and features a two-story building. Currently operating at 60% occupancy, the hotel generates a strong Net Operating Income (NOI) of $836,140, representing a pro-forma capitalization rate of 7.96%. The asking price is $10,000,000, translating to a price per key of $269,231. Amenities include an outdoor heated pool and jacuzzi, enhancing the guest experience. This property is ideally positioned to capitalize on the thriving tourism in Solvang, offering a unique blend of European charm and Californian allure. The recent renovations ensure the hotel is well-maintained and ready to continue generating strong returns. This is a rare opportunity to acquire a profitable and well-located hotel in a sought-after destination. The property's strong financial performance and attractive amenities make it an ideal investment for discerning buyers seeking a foothold in the hospitality sector. The hotel's prime location and recent upgrades position it for continued success and growth within the thriving tourist market.

Highlights

  • $10,000,000 Asking Price
  • 7.96% Pro-Forma Cap Rate, $836,140 NOI, 60% Occupancy
  • 39-Key Boutique Hotel, recently renovated in 2023
  • Located in Solvang, CA, Santa Barbara County, on a 0.79-acre lot
  • Two-story building, built in 1968, offering a European-style experience with modern amenities including an outdoor heated pool and jacuzzi.

Property Details for 1440 Mission Dr

Property type
Hospitality properties, Hotels
Year Built/Renovated
1968/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Solvang
County
Santa Barbara
State
California
Latitude
34.594952
Longitude
-120.14685

FAQs

What type of property is this?
Hospitality property - Charming 39-room boutique hotel in Solvang, CA.
Where is the hospitality property located?
The property is located at 1440 Mission Dr Solvang, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: $10,000,000 Asking Price; 7.96% Pro-Forma Cap Rate, $836,140 NOI, 60% Occupancy; 39-Key Boutique Hotel, recently renovated in 2023
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1440 Mission Dr
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