THE MIRAMAR INN & SUITES 3020 Cabrillo Hwy N Services hôteliers 27 chambres 4 549 520 € (168 501 €/Chambre) Taux de capitalisation 8,30 % Half Moon Bay, CA 94019

The Miramar Inn is a 2-Story, 27-unit exterior corridor hotel that has been meticulously maintained and has remained in pristine condition under the same ownership for almost 20 years.
There is potential to maximize the inn to 29 rentable units plus a managers unit as explained below:
Besides the 27 units included in the offering, the hotel also includes a large one-bedroom managers’ unit as well as a spacious studio with a king bed and fully equipped kitchenette, making it a 28 unit property plus a spacious managers unit.
The property also includes the potential to add an extra unit, the unit was formerly part of the old mangers unit and has all the plumbing and electricity in place and is currently used as a storage room for the managers personal property.
All units include king or queen beds, coffee maker, fridge, microwave, hair dryer, individually controlled air conditioning units and bathtub/shower combinations.
Guests can enjoy a complimentary continental breakfast served every morning adjacent to the front desk area consisting of fresh brewed coffee and tea, a variety of juices, cereal, pastries, yogurt and fresh fruit.
The inn is a short 3-minute drive to the beach or a leisurely 10-minute walk.
Having seen revenues that have historically topped over $1.1 million as an independent hotel, the inn is ready for a new, focused and energetic operator to bring revenues back to those numbers again.
Aligning the hotel with a brand such as Ramada or upgrading it to an independent boutique hotel should drive up the bottom line with an increase both in occupancy and room revenue.