The Groveland Hotel
18767 Main Street
SOLD! Back on the market! Excellent Yosemite location, strong revenue and newly renovated! Lodging Brokers Network is proud to be the exclusive listing broker of the Groveland Hotel in Groveland, California. The historic and newly renovated Groveland Hotel is the oldest hotel in the Yosemite area, and features 18 beautifully appointed guestrooms, wrap-around porches, and a delightful tiered patio. Located on Highway 120, the most direct route, from San Francisco/Sacramento to Yosemite National Park, a year-round international travel destination. Over half a million vehicles pass in front of the hotel each year heading to Yosemite with limited lodging options. Ideal location for Tuolumne River whitewater expeditions, hiking, biking, horseback riding, fishing, golf and a private airport only 5 miles away.
The property is comprised of two 2-story buildings totaling 8,100 SF on approximately 1.39 acres, which includes an onsite store, bar and restaurant. The property’s expansive outdoor space accommodates over 100 people socially distanced and is already setup to accommodate weddings and events. Current ownership has not materially pursued weddings or events which could produce additional income if desired. This renovated boutique hotel is being offered at an 11.5% cap rate on 2019. Current $3M loan is assumable for a qualified buyer allowing for a faster loan process with reduced fees.
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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