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Investment Highlights

  • - 10,155 SF historic building - 24 units offering potential for diverse hospitality concepts - Built in 1930, exuding timeless charm - R2 zoning for f

Executive Summary

The R3 Hotel is a 23-room hospitality property in the heart of Guerneville, long established as a destination along the Russian River. Serving the LGBTQ+ community and its allies for over four decades, the property has built a strong regional following and consistent presence within this well-known leisure market.
Originally developed in the 1940s as a motor court-style motel, the property retains its distinctive U-shaped layout with surrounding cottage rooms, offering a vintage hospitality experience that continues to resonate with guests today. The resort includes a bar and restaurant, pool, sun deck, and stage, supporting both daily operations and large-scale events, including the long-running Lazy Bear Weekend.
The offering includes both ABC Type 47 and Type 48 licenses, providing a rare opportunity for full-service food, beverage, and nightlife operations. Recent updates to food service and programming have further strengthened the property’s position within the market.
The R3 can continue operating in its current form, with clear potential for upgrades that enhance the existing character and expand on its established appeal.

Attachments

r3 OM

Property Facts

Price $3,750,000
Price Per Room $163,043
Sale Type Investment
Sale Condition Bulk/Portfolio Sale
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.51 AC
Building Size 11,084 SF
No. Rooms 23
No. Stories 2
Year Built/Renovated 1930/1980
Tenancy Single
Parking Ratio 0.9/1,000 SF
Corridor Exterior
Zoning R2

Amenities

  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 23 $182.00 -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
070-030-010
Land Assessment
$502,418
Improvements Assessment
$842,059
Total Assessment
$1,344,477
  • Listing ID: 39927689

  • Date on Market: 3/27/2026

  • Last Updated:

  • Address: 16390 4th St, Guerneville, CA 95446

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