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Toms Place Resort Tom's Place Resort Hwy 395 19 Room Hotel Crowley Lake, CA 93546 $1,850,000 ($97,368/Room) 17.75% Cap Rate
Executive Summary
With over 107 years of continuous operation, Tom’s Place is among the longest-running businesses in the region and has historically served as a critical traveler stop between Bishop and Mammoth Lakes. The resort combines lodging, food & beverage, retail, and operational housing into a single, diversified income property positioned to benefit from strong regional tourism and highway visibility.• Land Status: U.S. Forest Service land
• Permit: Commercial Resort – Special Use Permit
• Total Permitted Area: Approximately 7.75 acres
• Highway Exposure: Direct access and visibility from U.S. Highway 395
• Regional Context: Between Bishop and Mammoth Lakes in Mono County
The site is bordered by State land and US-395 to the north, DWP land to the west, Mono County to the east, and U.S. Forest Service land to the south.
• Café / restaurant
• Full bar
• General store / market
• Three public restrooms
• ADA ramp access and accessible restroom
Lodging Inventory
• 12 cabins across eight buildings
• Lodge building containing:
o Seven private guest rooms
o Two dorm-style rooms
o One attached cabin
Financials to be released for buyer review and inspection with suitable LOI/ Offer and with proof of funds. Buyer to verify all financials.
Data Room Click Here to Access
- Offering Memorandum
- Investigations
Property Facts
| Price | $1,850,000 | Lot Size | 4.78 AC |
| Price Per Room | $97,368 | Building Size | 1,272 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Cap Rate | 17.75% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1924 |
| Property Type | Hospitality | Corridor | Exterior |
| Property Subtype | Hotel | Parcel Number | 910-001-374-000 |
| Building Class | C | ||
| Zoning | RM | ||
| Price | $1,850,000 |
| Price Per Room | $97,368 |
| Sale Type | Investment |
| Cap Rate | 17.75% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.78 AC |
| Building Size | 1,272 SF |
| No. Rooms | 19 |
| No. Stories | 1 |
| Year Built | 1924 |
| Corridor | Exterior |
| Zoning | RM |
| Parcel Number | 910-001-374-000 |
Amenities
- Restaurant
About TOM'S PLACE RESORT HWY 395 , CROWLEY LAKE, CA 93546
RESORT COMPONENTS & IMPROVEMENTS Public Facing Facilities • Café / restaurant • Full bar • General store / market • Three public restrooms • ADA ramp access and accessible restroom Lodging Inventory • 12 cabins across eight buildings • Lodge building containing: o Seven private guest rooms o Two dorm-style rooms o One attached cabin • Seasonal lodging operations: o Full inventory in summer o Reduced winter operation (three cabins) Nightly lodging rates currently range from $110 to $240, with Transient Occupancy Tax collected and a clean audit history with Mono County. ________________________________________ SUPPORTING IMPROVEMENTS (NON-PUBLIC) • Seven RV sites with full hookups (currently used for staff housing) • Double-wide mobile home used for owner/manager residence • Workshop / maintenance building with attached living quarters • Large garage facility for private equipment and vehicles
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $100.00 | - |
| Guest Room | 7 | $60.00 | - |
Presented by
Toms Place Resort | Tom's Place Resort Hwy 395
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