Tamarack Beach Resort 3200 Carlsbad Blvd 23 Room Hotel Carlsbad, CA 92008 For Sale

***** CALL FOR OFFERS EXTENDED TO FRIDAY, DECEMBER 5th*****

Introducing an exceptional beachfront resort hotel investment opportunity in downtown Carlsbad, CA. This boutique resort hotel features a spacious 9,500 SF building with 23 meticulously appointed rooms, offering a lucrative investment in the thriving hospitality industry. A new roof was installed in 2020, and solar panels
were installed in 2016.  The rooms and lobby area were updated in 2016/2017.  
Built in 1987, this well-maintained property is perfectly positioned to capitalize on the area's tourism growth. Zoned for Hotel/Motel use, it boasts an impressive 80%
occupancy rate, promising excellent returns for prospective hospitality and resort investors. With its prime location and desirable amenities, this property represents
a compelling opportunity to own a premier hospitality asset in Carlsbad.
PLEASE READ CAREFULLY - The property is situated in a three-parcel commercial condominium structure.  The resort hotel comprises one commercial condominium and includes the entire first
floor of the structure. A second commercial condominium (not part of the sale) comprises time-share units on the second and third floors.  The third commercial
condominium (also not part of the sale) comprises a restaurant on the first floor.  There is an association that manages the common areas (pool, recreation room,
and underground parking).  All owners pay monthly HOA fees that cover common area maintenance, insurance, landscaping, and reserves for capital improvements. 
The Average Daily Revenue (ADR) is a strong $257, and the Revenue Per Available Room (RevPAR) is $202.