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Adventure Lodge 3918 Pioneer Trl 21 Room Hotel South Lake Tahoe, CA 96150 $4,290,000 ($204,286/Room) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Unbeatable Location – Steps to Heavenly Gondola, Lakeside Beach, Edgewood Golf, and Stateline casinos.
- Year-Round Demand – Consistent occupancy driven by skiing, lake recreation, and gaming tourism.
- Renovated Boutique Lodge – 21 upgraded units with private baths, modern furnishings, and onsite parking.
EXECUTIVE SUMMARY
Adventure Lodge is a fully remodeled boutique property in the heart of South Lake Tahoe, one of California’s most iconic year-round destinations. Located on Pioneer Trail, the lodge is within easy walking distance to Heavenly Village, the Gondola, and Lakeside Beach, with Edgewood Golf and the Stateline casinos just minutes away. This 5,294-square-foot property sits on a 0.38-acre parcel and offers 21 upgraded units, each with a private bath, modern furnishings, in-room amenities, and WiFi. Guests enjoy rare onsite parking and refreshed interiors that blend mountain charm with modern comfort.
The property is perfectly positioned to capture Tahoe’s steady flow of visitors. Winter brings skiers and snowboarders to Heavenly, while summer draws travelers for beaches, boating, hiking, and golf. Casinos, restaurants, and nightlife sustain activity throughout the year, ensuring reliable occupancy and revenue. Recent renovations provide immediate operational stability, while future upside exists through rate growth, direct booking growth, and curated guest experiences such as outdoor gathering spaces or activity partnerships.
Adventure Lodge is more than a motel. It is a turnkey boutique hospitality asset in a location that cannot be replicated, with strong brand visibility, proven demand, and the ability to deliver both immediate cash flow and long-term value. This listing is co-listed with Brian Brockman with BANG Realty, Inc.
The property is perfectly positioned to capture Tahoe’s steady flow of visitors. Winter brings skiers and snowboarders to Heavenly, while summer draws travelers for beaches, boating, hiking, and golf. Casinos, restaurants, and nightlife sustain activity throughout the year, ensuring reliable occupancy and revenue. Recent renovations provide immediate operational stability, while future upside exists through rate growth, direct booking growth, and curated guest experiences such as outdoor gathering spaces or activity partnerships.
Adventure Lodge is more than a motel. It is a turnkey boutique hospitality asset in a location that cannot be replicated, with strong brand visibility, proven demand, and the ability to deliver both immediate cash flow and long-term value. This listing is co-listed with Brian Brockman with BANG Realty, Inc.
PROPERTY FACTS
| Price | $4,290,000 | Building Size | 5,294 SF |
| Price Per Room | $204,286 | No. Rooms | 21 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.50% | Year Built/Renovated | 1950/2022 |
| Property Type | Hospitality | Parking Ratio | 2.83/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.38 AC | ||
| Zoning | TC - TC | ||
| Price | $4,290,000 |
| Price Per Room | $204,286 |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 5,294 SF |
| No. Rooms | 21 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2022 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | TC - TC |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 21 | $146.00 | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 029-352-010-000 | Improvements Assessment | $2,762,955 |
| Land Assessment | $387,600 | Total Assessment | $3,150,555 |
PROPERTY TAXES
Parcel Number
029-352-010-000
Land Assessment
$387,600
Improvements Assessment
$2,762,955
Total Assessment
$3,150,555
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Adventure Lodge | 3918 Pioneer Trl
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