518 7th St Eureka, CA 95501
117-room hotel in downtown Eureka, CA. Historic landmark.
Type:Hospitality
- Added:
- Jun 5, 2024
- Days on Market:
- 684
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 518 7th St
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Building Details
- Year Built
- 1922
Listing agent Steve Post License #01219756
Listing office Amber Hotel Company
Listing date Jun 5, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Amber Hotel Company
Overview
Historic Eureka Inn Hotel For Sale
The Eureka Inn is a 117-room, 4-story interior corridor hotel located in Eureka, CA. The hotel, listed on the National Register of Historic Places, is one of the most well-known properties in northern coastal California. Originally built in 1922, the hotel has a rich history and has hosted many notable guests, including Winston Churchill and Ronald Reagan. The grand lobby features magnificent chandeliers, and the meticulously preserved Elizabethan Tudor Revival architecture reflects the hotel's history and significance. Reopened by the current owner in 2010 after a period of closure, the hotel has seen steady growth through significant renovations and a partnership with Wyndham Hotels and Resorts' Trademark Collection. The hotel has had increases in room revenue each of the last three years and is on pace for increased revenue again in 2024. The hotel is currently performing at only 44% of the competitive set RevPAR. The hotel's bar is currently operating 3–4 nights per week; another bar and the main restaurant remain closed. As a Historic Building, there are numerous incentives available for investors. The hotel is conveniently located in downtown Eureka, occupying an entire city block within walking distance of numerous museums, shops, and restaurants. Also, nearby are the campuses of College of the Redwoods and Cal Poly Humboldt. Greater Eureka has a population of over 45,000 residents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Eureka Inn Trademark ...
Hotel & Motel
Palm lounge
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.1649647
- Latitude
- 40.7999542
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FAQs
What type of property is this?
Hotel - 117-room hotel in downtown Eureka, CA. Historic landmark.
Where is this hotel located?
The property is located at 518 7th St Eureka, CA.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Historic hotel listed on the National Register of Historic Places, offering potential incentives for investors.; Significant revenue growth in recent years with further growth potential by reopening currently closed bar and restaurant.; Partnership with Wyndham Hotels and Resorts' Trademark Collection.
