Blue Jay Lodge 4133 Cedar Ave 41 Room Hotel South Lake Tahoe, CA 96150 $6,950,000 ($169,512/Room)

NAI Tahoe Sierra, as exclusive advisor to the Seller, is pleased to offer the opportunity to purchase a fee simple interest in Blue Jay Lodge, a 42-key hotel (including one manager's unit) in South Lake Tahoe, CA. The property sits on 0.69 acres of land and includes ample parking, a swimming pool, and outdoor gathering spaces. Blue Jay Lodge is ideally located steps from the beaches of scenic Lake Tahoe and the Heavenly gondola, providing year round access to world-class outdoor recreation as well as abundant shopping, dining, and entertainment options which attract over 15 million annual visitors to the Tahoe region.
Originally built in 1959, the property has recently undergone capital improvements to create a diverse product offering of rooms and suites with modern finishes and amenities. Current ownership has also developed a leading proprietary 3rd party management platform in South Lake Tahoe ("Adventure Stays") which is included in the sale, allowing a new owner to inherit dedicated staff and a full tech stack to passively handle bookings, accounting, maintenance requests, and more. Turnkey management opportunities like this are rare in the Tahoe market which has traditionally been dominated by an aging ownership demographic with outdated systems in place. Additional operational upside remains for a savvy operator seeking to implement their own best practices and reduce reliance on outside booking agencies or scale the management platform to oversee a larger portfolio going forward.
The offering represents a rare opportunity to acquire a portfolio of hospitality assets with turn-key management and branding in place, immediately achieving scale and stability within the most desirable and supply-constrained section of Lake Tahoe.