The Carlton Hotel

6005 El Camino Real
Atascadero, CA
Offered at:
$12,500,000
Guestrooms:
52

Lodging Brokers Network is proud to be the exclusive listing broker of The Carlton Hotel, a 52-room boutique hotel located on the east corner of El Camino Real and Traffic Way, in Atascadero, California. Located midway between San Francisco and Los Angeles, the historic boutique hotel is ideally situated for exploring the famed wine regions of Edna Valley and Paso Robles and the rich coastal communities of Pismo Beach and beyond. The subject consists of one, interior-corridor, three-story building of concrete and masonry construction.

The hotel originally opened in 1928 as a full-service, luxury hotel. The current owners purchased the hotel in 1999 and began a major renovation/restoration, essentially gutting the entire interior. The Carlton Hotel re-opened in early 2005, with good quality furnishings that reflect a historical style. The hotel's amenities include approximately 2,500 square feet of meeting space, a fitness room, and a business center. The improvements also include a 4,200 square foot retail space leased to Back Porch Bakery and approximately 7,500 square feet of restaurant/lounge space.

The hotel is being offered well-below replacement cost, and is unencumbered by brand or management. This unique offering is located in a growing region with multiple demand generators, and presents multiple value-add opportunities.

Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY.

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