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    663 Old Mammoth Rd Mammoth Lakes, CA 93546

    For Sale
    $18,000,000

    44-key hotel, 12 new condos, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 44-key hotel in Mammoth Lakes, California, presents a lucrative investment opportunity. The property boasts three buildings, each two stories high, and includes 26 existing rooms and 18 newly constructed luxury villas, also available for sale as individual condominiums. The hotel enjoys a 68.5% occupancy rate, generating an average rent per key of $409,091, resulting in a 9.78% cap rate (9.42% pro-forma). The asking price is $18,000,000. Amenities include an indoor spa with a jacuzzi, European dry sauna, and steam room

    Property Features for 663 Old Mammoth Rd

    General Information

    Property type
    Hotels

    Building Details

    Buildings
    3
    Stories
    2

    HighLights

    • Indoor spa with jacuzzi, European dry sauna, and steam room.
    • Fitness room.
    • Enchanting lobby with large fireplace.
    • Second‑floor study/sitting room with wood‑burning stove.
    • Trendy billiard room with flat‑screen HDTV.
    • Complimentary ski and snowboard storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Mobile Phone Store Tattoo & Piercing Shop Catering Service Locksmith Shoe Store Diner Watch Repair Shop Garden Center Tech Support Center Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mammoth Lakes
    County
    Mono
    State
    California
    Longitude
    -118.96649873
    Latitude
    37.63651573

    FAQs

    What type of property is this?
    Hotel - 44-key hotel, 12 new condos, high ROI.
    Where is this hotel located?
    The property is located at 663 Old Mammoth Rd Mammoth Lakes, CA.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: Indoor spa with jacuzzi, European dry sauna, and steam room.; Fitness room.; Enchanting lobby with large fireplace.
    Request Owner's contact information
    663 Old Mammoth Rd Mammoth Lakes, CA 93546
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    Mammoth Lakes, CA 93546
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    663 Old Mammoth Rd Mammoth Lakes, CA 93546
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