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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)

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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

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
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 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 013-031-016
  • 013-031-018
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
  • Listing ID: 36757998

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 9135 Hearst Dr, San Simeon, CA 93452

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