Address:
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Price:
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Listing Number:
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Description: IMMACULATE 21 UNIT HOTEL IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH, VERY WELL MAINTAINED. BUILDING HAS 4 1BED/1BATH UNITS, 9 REGULAR 1 BED UNITS, AND 8 HOTEL ROOMS. THE SORRENTO VILLAS IS CURRENTLY OPERATING BELOW COMPETITIVE SET ADR AND OCCUPANCY. THE HOTEL WILL BE OFFERED UNENCUMBERED MY MANAGEMENT, ALLOWING A NEW OPERATOR TO EMPLOY MORE AGGRESSIVE SALES, MARKETING AND REVENUE MANAGEMENT TECHNIQUES. THE SORRENTO VILLAS PRESENT AN INVESTOR WITH THE OPPORTUNITY TO ACQUIRE AN ASSET IN A HIGHLY DESIRABLE REGION, FOR A PRICE WELL BELOW REPLACEMENT COST.

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