2716 Boulder Dr
June Lake, CA 93529
June Lake Motel · Hospitality Property For Sale · 14,810 SF

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to quali?ed investors the June Lake Motel (‘Hotel’ or ‘Property’). The independent Hotel is offered at $5,350,000 or $198,148 per key. June Lake is a charming small town nestled in the Eastern Sierra Nevada Mountains of California. Located in Mono County, it is surrounded by stunning natural beauty, making it a popular destination for outdoor enthusiasts and nature lovers. The Hotel, situated advantageously in this picturesque town, presents a budget-friendly alternative to Mammoth Lakes and Lake Tahoes. June Lake boasts convenient access to major cities, being approximately a 4-hour drive from Reno, NV, Sacramento, and Lake Tahoe. In the winter months, June Mountain Ski Area (1.3 miles) attracts skiers and snowboarders with its pristine slopes and panoramic vistas. During the summer, ?shing enthusiasts can try their luck at June Lake(0.3 miles) or nearby lakes such as Gull Lake (0.7 miles) and Silver Lake (4.4 miles), known for their trout populations. Visitors can also explore hiking trails like the Parker Lake Trail (12.6 miles) which offers scenic views and opportunities to discover the area's ?ora and fauna. Just a modest drive from June Lake is the iconic Yosemite National Park, about 30 miles away, offering stunning landscapes and landmarks. The economy of June Lake, California, has grown 6.5% over the last year and is pr imarily driven by tourism and outdoor recreation. The town's natural beauty and proximity to various recreational opportunities make it a popular destination for visitors throughout the year. June Lake's businesses cater to the needs of over one million tourists each year, offering accommodations such as hotels, lodges, vacation rentals, and campgrounds. Restaurants, cafes, and shops provide dining and shopping options for both residents and visitors. The presence of June Mountain Ski Area further boosts the local economy, attracting winter sports enthusiasts and generating additional revenue for the town. Fishing-related activities contribute to the economy of June Lake. The region is known for its abundant trout populations, drawing anglers who seek the thrill of ?shing in its scenic lakes. Local ?shing out?tters, guides, and equipment rental services support this aspect of the economy. In the trailing twelve-month period ending in December 2022, room revenues nearly reached over $880,000 while maintaining a net operating income of approximately $478,000 or 54.3 percent of gross revenues, after a three percent management fee. The hotel owner can capitalize on the property's mountain resort location by offering specialty packages tailored to campers, skiers, and ?shermen, and to increase room revenues, they can incorporate exclusive deals for extended stays, offer seasonal activities, and partner with local businesses for equipment rentals and guided tours, thus creating an alluring, all-inclusive experience for outdoor enthusiasts.