MORRO BAY · CALIFORNIA

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The Embarcadero Inn is set in the ideal intersection of California's Central Coast. Located 12 miles west of San Luis Obispo, minutes from Hearst Castle and the Central Coast wine region in the heart of Morro Bay's working waterfront.

OFFERED AT $10,295,000

33 ROOMS • 3 LEVELS • 27,238 SQ. FT.

We present a rare opportunity to purchase a freshly renovated Boutique Hotel on the Central Coast of California. With 33 spectacular ocean view rooms, many with gas fireplaces and an onsite spa facility, 456 Embarcadero Inn & Suites is a premier destination. Renovations were completed in Q1 of 2016 making this hotel a turn-key investment opportunity. Additionally, there is a 2 bedroom family suite that can be converted to an on-site manager's quarter. Furthermore, we have referrals for professional hotel management firms.

Located halfway between Los Angeles and San Francisco, Morro Bay is an ideal year-round tourism destination for guests from these two major metropolitan areas, as well as international travelers exploring the coastline. Home to the world-famous Morro Rock, the charming town serves as the ideal destination for activities such as golfing, kayaking, hiking and biking. With a tremendous variety of festivals, events and delicious dining options, Morro Bay is continuing to be a growing destination for travelers.

Each room has a breathtaking view of the Bay and more. They deliver an inviting view, while engaging the guest with top notch furnsihings and more. With so much to experience in Morro Bay, we can help put together itineraries including culinary, boat and fishing tours, water adventures, festivals, agri-tourism and retail therapy tours. The Morro Bay Tourism Bureau can also match you up with receptive operators for a customized itinerary throughout San Luis Obispo County or a unique experience if just traveling through the San Luis Obispo County area.

  • Price$10,295,000
  • No. Rooms33
  • Building Size27,238 SF
  • Price/Room$311,969.70
  • Property TypeBoutique Hotel
  • Property Use TypeInvestment
  • Commission Split1%
  • Cap Rate8.55%
  • Average Daily Rate$181
  • RevPAR$138
  • Average Occupancy76%
  • No. Stories3
  • Year Built1985
  • CorridorExterior
  • Lot Size20,651 SF
  • APN / Parcel ID066-132-014
  • Renovated in 2016
  • 33 Boutique Rooms with Ocean & Bay Views
  • Minutes Drive to Hearst Castle, Cal Poly, Wineries and San Luis Obispo
  • Walk to Restaurants, Shops & Beaches
  • Positioned to be a Top Performer in the County
  • San Luis Obispo County Tourism Wins 3 State Tourism Awards
  • Steel structure building with metal decking and lightweight concrete between floors.
The Embarcadero Inn is comprised of 3 floors and many styles of rooms.
The hotel was built in 1985 and renovated Q1 of 2016.