For Sale
$9,900,000

518 7Th St Eureka, CA 95501

117-room Wyndham hotel, prime location, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents the Eureka Inn, a 117-key, four-story hotel in downtown Eureka, California. A Wyndham Trademark Collection property, this landmark hotel, built in 1922 and extensively renovated in 2018, boasts a rich history and iconic Elizabethan Tudor Revival architecture. Situated on a 1.32-acre lot (APN: 001-156-001-000, 004-211-002-000, 004-211-003-000), the Eureka Inn enjoys a prime location, within walking distance of shops, museums, restaurants, and the Pacific Coastline. Its proximity to Redwood National Park and educational institutions like College of the Redwoods and Cal Poly Humboldt further enhances its appeal. The hotel has shown consistent revenue growth over the past three years, currently operating at 44% of the competitive set RevPAR, indicating significant upside potential. Further revenue generation opportunities exist through the reopening of the hotel's underutilized restaurant and bar spaces. The asking price is $9,900,000. This historic property offers numerous investor incentives and presents a compelling opportunity to capitalize on its established reputation and substantial growth trajectory within a thriving coastal California market. The hotel's interior corridor design and its listing on the National Register of Historic Places add to its unique value proposition. The city of Eureka has a population exceeding 45,000 residents.

Highlights

  • $9,900,000 asking price for a 117-key hotel.
  • Wyndham-branded, 4-story, interior corridor hotel.
  • 1922 construction, renovated in 2018.
  • Significant revenue growth potential; currently operating at 50% of RevPAR index.
  • Prime downtown Eureka location near shops, restaurants, and tourist attractions.

Property Details for 518 7Th St

Property type
Hospitality properties, Hotels
Year Built/Renovated
1922/2018
Buildings
1
Stories
4
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Eureka
County
Humboldt
State
California
Latitude
40.80031225729
Longitude
-124.16538917346
518 7Th St, Eureka, California

FAQs

What type of property is this?
Hospitality property - 117-room Wyndham hotel, prime location, high growth potential.
Where is the hospitality property located?
The property is located at 518 7Th St Eureka, CA.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: $9,900,000 asking price for a 117-key hotel.; Wyndham-branded, 4-story, interior corridor hotel.; 1922 construction, renovated in 2018.
How can I contact the broker?
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518 7Th St
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