For Sale
$18,000,000

663 Old Mammoth Rd Mammoth Lakes, CA 93546

44-key hotel, 12 new condos, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 44-key hotel in Mammoth Lakes, California, presents a lucrative investment opportunity. The property boasts three buildings, each two stories high, and includes 26 existing rooms and 18 newly constructed luxury villas, also available for sale as individual condominiums. The hotel enjoys a 68.5% occupancy rate, generating an average rent per key of $409,091, resulting in a 9.78% cap rate (9.42% pro-forma). The asking price is $18,000,000. Amenities include an indoor spa with a jacuzzi, European dry sauna, and steam room

Highlights

  • Indoor spa with jacuzzi, European dry sauna, and steam room.
  • Fitness room.
  • Enchanting lobby with large fireplace.
  • Second-floor study/sitting room with wood-burning stove.
  • Trendy billiard room with flat-screen HDTV.
  • Complimentary ski and snowboard storage.

Property Details for 663 Old Mammoth Rd

Property type
Hospitality properties, Hotels
Buildings
3
Stories
2

Location Insight

City
Mammoth Lakes
County
Mono
State
California
Latitude
37.63651573
Longitude
-118.96649873

FAQs

What type of property is this?
Hospitality property - 44-key hotel, 12 new condos, high ROI.
Where is the hospitality property located?
The property is located at 663 Old Mammoth Rd Mammoth Lakes, CA.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Indoor spa with jacuzzi, European dry sauna, and steam room.; Fitness room.; Enchanting lobby with large fireplace.
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.
How do I access a private listing?
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663 Old Mammoth Rd
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