Sacred Rock Inn 5920 CA-1 22 Room Hotel Elk, CA 95432 $17,858,414 CAD ($811,746 CAD/Room)

Experience coastal luxury, where every moment unfolds against the majestic backdrop of the Mendocino Coast. The Sacred Rock Inn sits on the edge of the Pacific Ocean in arguably one of the most serene stretches of coastlines in California. Surrounded by ancient redwood groves, lush green valleys, and breathtaking mountain tops, the inn's oceanfront scenery is perfect for those seeking nature and tranquility.
The offering features 22 luxurious seaside accommodations (oceanfront cottages, two-story bungalows, and a Victorian mansion) spread out over 5 parcels on 2.5+- acres with an eclectic collection of buildings plus 2 private residences, 2 separate restaurants, a lobby/reception with an office and a gift shop, and a detached conservatory (currently set up for yoga and spa treatments). There is also an extensive 'back of the house' network addressing housekeeping, maintenance, and storage needs and a separate lot that could be used for employee, event and overflow parking. A tour of the pristine and manicured grounds of the Inn makes it immediately apparent that no expense was spared in the restoration of this property. Master craftsmen and locally-sourced materials were used to create this magnificent compound that proudly will continue to weather the storms that roll in from the Pacific for years to come.
The grounds of property can support larger gatherings for weddings and to attract corporate retreats for an on-site working conference combined with nature-based activities. The Inn is closed in preparation for the transition to new ownership.
Property Highlights:
• 7.20% potential Cap Rate.
• 22 unique guest units including a mix of cottages, two-story bungalows, inn units with ocean views and private decks.
• Fully-restored, turn-key Victorian/Craftsman inn on 2.5+- oceanfront acres.
• Located in the quiet idyll of Elk, which has been named the best small town in America for foodies and wine lovers.
• Elk is home to the first and only two-Michelin-starred restaurant in Mendocino County and attracts a discerning clientele.
• This unspoiled and rugged part of California’s north coast features rocky promontories and redwoods tumbling down steep hillsides to the ocean.
• Coastal Mendocino which is recognized for its year-round tourism, events and “wine, waves and wellness”.
• Two on-site restaurants – one an upscale dining room (seating for 22); and the second a more casual gastropub (seating for 21).
• Extensive landscaping with a network of meandering pathways and nooks throughout the gardens, and terraced decking along the bluff top;
• Meticulously updated and maintained property ensuring limited near-term capital improvements;
• Rare chance to own a turnkey boutique asset in a supply-constrained market.