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The Morgan San Simeon 9135 Hearst Dr 55 Room Hotel San Simeon, CA 93452 $13,683,575 CAD ($248,792 CAD/Room)



INVESTMENT HIGHLIGHTS
- Highway 1 exposure
- Interior Corridors
EXECUTIVE SUMMARY
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire The Morgan Hotel in San Simeon, CA — a boutique 55-room coastal property located along the iconic Highway 1. Situated just minutes from Hearst Castle and the Pacific Ocean, the property spans two adjacent parcels totaling approximately 1.77 acres with a
combined building size of nearly 29,000 square feet. Zoned Commercial Retail, The Morgan offers investors and owneroperators a rare opportunity to acquire a flexible, income producing asset in one of California’s most visited coastal corridors. The two buildings are available individually or as a combined offering at $9,935,000.
The Southern Building, located at 9135 Hearst Drive, consists of 31 guest rooms on approximately 0.88 acres with a building size of 17,728 square feet. Originally built in 1986 and last renovated in 2008, this building features interior corridors, ample parking, and a strong mix of room types including ocean-view kings and queens. Its layout and condition support a variety of continued hospitality or adaptive reuse possibilities. Offered at $5,735,000 (or $185,000 per room), this asset provides immediate operational potential and long-term flexibility.
The Northern Building, located at 9215 Hearst Drive, includes 24 guest rooms across 0.89 acres, with a building size of 11,320 square feet. Built in 1984 and also last renovated in 2008, this building features thoughtfully appointed rooms, interior corridors, and a nostalgic charm consistent with San Simeon’s relaxed, coastal identity. With an asking price of $4,200,000 (or $175,000 per room), the Northern Building is an ideal option for a boutique operator, investor, or group looking to expand their coastal portfolio. Ideally positioned along California’s Central Coast, San Simeon attracts millions of travelers each year with its rugged coastline, scenic hiking trails, and rich history. The Morgan benefits from excellent Highway 1 visibility and proximity to popular destinations including Hearst Castle, Elephant Seal Rookery, and Big Sur, making it a natural
lodging choice for tourists exploring this breathtaking region
combined building size of nearly 29,000 square feet. Zoned Commercial Retail, The Morgan offers investors and owneroperators a rare opportunity to acquire a flexible, income producing asset in one of California’s most visited coastal corridors. The two buildings are available individually or as a combined offering at $9,935,000.
The Southern Building, located at 9135 Hearst Drive, consists of 31 guest rooms on approximately 0.88 acres with a building size of 17,728 square feet. Originally built in 1986 and last renovated in 2008, this building features interior corridors, ample parking, and a strong mix of room types including ocean-view kings and queens. Its layout and condition support a variety of continued hospitality or adaptive reuse possibilities. Offered at $5,735,000 (or $185,000 per room), this asset provides immediate operational potential and long-term flexibility.
The Northern Building, located at 9215 Hearst Drive, includes 24 guest rooms across 0.89 acres, with a building size of 11,320 square feet. Built in 1984 and also last renovated in 2008, this building features thoughtfully appointed rooms, interior corridors, and a nostalgic charm consistent with San Simeon’s relaxed, coastal identity. With an asking price of $4,200,000 (or $175,000 per room), the Northern Building is an ideal option for a boutique operator, investor, or group looking to expand their coastal portfolio. Ideally positioned along California’s Central Coast, San Simeon attracts millions of travelers each year with its rugged coastline, scenic hiking trails, and rich history. The Morgan benefits from excellent Highway 1 visibility and proximity to popular destinations including Hearst Castle, Elephant Seal Rookery, and Big Sur, making it a natural
lodging choice for tourists exploring this breathtaking region
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $13,683,575 CAD | Building Size | 29,558 SF |
| Price Per Room | $248,792 CAD | No. Rooms | 55 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2009 |
| Property Subtype | Hotel | Parking Ratio | 2.03/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.76 AC | ||
| Zoning | CR - Commercial Retail | ||
| Price | $13,683,575 CAD |
| Price Per Room | $248,792 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.76 AC |
| Building Size | 29,558 SF |
| No. Rooms | 55 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2009 |
| Parking Ratio | 2.03/1,000 SF |
| Corridor | Interior |
| Zoning | CR - Commercial Retail |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $351.21 CAD | - |
| Guest Room | 53 | $209.35 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $11,559,500 CAD | |
| Land Assessment | $2,917,781 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $8,641,719 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,917,781 CAD
Improvements Assessment
$8,641,719 CAD
Total Assessment
$11,559,500 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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The Morgan San Simeon | 9135 Hearst Dr
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