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Cielo House Inn 2749 Spring St 24 Room Hotel Paso Robles, CA 93446 $4,750,000 ($197,917/Room) 6.40% Cap Rate
Investment Highlights
- 24-room motel located just outside downtown Paso Robles, positioned in a strong wine-country tourism market
Executive Summary
Everlygrove Hotel is pleased to present the opportunity to acquire Cielo House Inn, a 24-room hotel located in Paso Robles, California. Situated at 2749 Spring Street just outside of downtown Paso Robles, this 8,000-square-foot property sits on approximately 0.79 acres and was renovated in 2023. The offering presents a well-maintained hospitality asset in one of California’s premier wine country destinations.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,750,000 | Building Size | 8,000 SF |
| Price Per Room | $197,917 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.40% | Year Built/Renovated | 1960/2023 |
| Property Type | Hospitality | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.79 AC | ||
| Zoning | PD - Planned Development | ||
| Price | $4,750,000 |
| Price Per Room | $197,917 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 8,000 SF |
| No. Rooms | 24 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | PD - Planned Development |
Amenities
- Pool
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $65.00 | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 008-101-001 | Improvements Assessment | $1,868,680 |
| Land Assessment | $1,040,400 | Total Assessment | $2,909,080 |
Property Taxes
Parcel Number
008-101-001
Land Assessment
$1,040,400
Improvements Assessment
$1,868,680
Total Assessment
$2,909,080
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Cielo House Inn | 2749 Spring St
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