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Hotel Solares 600 Riverside Ave 79 Room Hotel Santa Cruz, CA 95060 For Sale
Investment Highlights
- Beach Resort Location & Vibe
- Inside corridors, wide hallways
- Possible Specialty Housing Opportunity
- Outdoor pool, two hot tubs, patio and lounging areas
- Walk to Santa Cruz Boardwalk, Pier, Bowling Alley, Arcade
- Rooms have balcony or patio
Executive Summary
Seller will review and consider all offers received. This well cared for property might be an ideal candidate for specialty, affordable housing, assisted or retirement living, rehabilitation facility or ?? With 79 rooms plus one (1) managers apartment, the rooms are all spacious, and can easily accommodate 160+ beds. We just completed a property tour with a major hotel brand with positive results. Branding this property would drastically elevate occupancy, ADR and NOI. The property is large enough for possibly adding on. "Pride of Ownership” apparent as you soak in the “Beach Vibe” resort hotel in the Surf City known as Santa Cruz California. This recently renovated property offers 80 rooms inclusive of 12 family size spacious rooms and suites, and a full-service manager living accommodations. Multiple connecting rooms and suites, two story suites and all rooms offer a patio or balcony adding to the lure of guests looking for a hotel with large clean rooms and the envy of other area hotels. Rooms are comfortable enough to accommodate two queen beds or two king beds with room to spare. A beer and wine license is in process currently.
The hotel sits on 1.3 acres of space that is entirely fenced and hosting 67 parking spaces including 4 DP marked spaces. The hotel housekeeping department equipment provides the linens and towels for the hotel. The lobby offers dining area space offering a warm welcome upon arrival. Riverside Ave. and Barson St. road wraps around the hotel, creating its own island feel of space and privacy. We have another off-market iconic Santa Cruz County hotel that might be the trophy property you've been looking for, phone conversation with Paul first.
The hotel sits on 1.3 acres of space that is entirely fenced and hosting 67 parking spaces including 4 DP marked spaces. The hotel housekeeping department equipment provides the linens and towels for the hotel. The lobby offers dining area space offering a warm welcome upon arrival. Riverside Ave. and Barson St. road wraps around the hotel, creating its own island feel of space and privacy. We have another off-market iconic Santa Cruz County hotel that might be the trophy property you've been looking for, phone conversation with Paul first.
Data Room Click Here to Access
- Title and Insurance
- Miscellaneous
Property Facts
Amenities
- Business Center
- Pool
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $413.00 | - |
| Guest Room | 70 | $269.00 | - |
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 007-421-01-000 | Improvements Assessment | $5,812,719 |
| Land Assessment | $1,931,641 | Total Assessment | $7,744,360 |
Property Taxes
Parcel Number
007-421-01-000
Land Assessment
$1,931,641
Improvements Assessment
$5,812,719
Total Assessment
$7,744,360
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Hotel Solares | 600 Riverside Ave
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