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Cielo House Inn 2749 Spring St 24 Room Hotel Paso Robles, CA 93446 $6,504,507 CAD ($271,021 CAD/Room) 6.40% Cap Rate
Investment Highlights
- 24-room motel located just outside downtown Paso Robles, positioned in a strong wine-country tourism market
Executive Summary
Everlygrove Hotel is pleased to present the opportunity to acquire Cielo House Inn, a 24-room hotel located in Paso Robles, California. Situated at 2749 Spring Street just outside of downtown Paso Robles, this 8,000-square-foot property sits on approximately 0.79 acres and was renovated in 2023. The offering presents a well-maintained hospitality asset in one of California’s premier wine country destinations.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,504,507 CAD | Building Size | 8,000 SF |
| Price Per Room | $271,021 CAD | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.40% | Year Built/Renovated | 1960/2023 |
| Property Type | Hospitality | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.79 AC | ||
| Zoning | PD - Planned Development | ||
| Price | $6,504,507 CAD |
| Price Per Room | $271,021 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 8,000 SF |
| No. Rooms | 24 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | PD - Planned Development |
Amenities
- Pool
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $89.01 CAD | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 008-101-001 | Improvements Assessment | $2,558,914 CAD |
| Land Assessment | $1,424,693 CAD | Total Assessment | $3,983,607 CAD |
Property Taxes
Parcel Number
008-101-001
Land Assessment
$1,424,693 CAD
Improvements Assessment
$2,558,914 CAD
Total Assessment
$3,983,607 CAD
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Cielo House Inn | 2749 Spring St
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