California Resort For Sale
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Sale Price $1,950,000

2008 Gross Revenue $730,000

2008 Net Revenue $268,500



This California High Sierra Resort . . .

sits at the edge of a picture postcard alpine lake that boasts spectacular views of granite peaks. This is a traditional wood and stone resort with a wonderful reputation and a high level of maintenance. The resort has been in continuous operation since 1926 and has been owned by only 3 families for the last 60 Years.  It is a perfect opportunity for a young family that would like to own and operate a classy small resort in the high mountains of California.


Location

California Sierra Nevada mountains, 45 minutes south/west of Lake Tahoe and approximately 2 hours from both Sacramento, California and Reno, Nevada.

Nestled between Lake Tahoe and Yosemite, with the California gold rush country just an hour to the west and Nevada with its casinos an hour to the east, this resort is well situated in California’s vacation land. 

The resort's 30 buildings sit on a 12.4 acre crescent shaped property with over ¼ mile of lake frontage.  The property is forested with tall pines and firs with large granite boulders around the buildings. The resort sits at an elevation of 7,300 feet above sea level. The lake is over 1.5 miles long and ¾ mile wide.


Over Night Accomodations

Overnight accommodations serve up to 100 guests. The cottages and bed and breakfast rooms are spread out over the grounds of the resort. Privacy and quiet are hallmarks of this resort.


Housekeeping Cottages

The resort has 19 house keeping cottages in individual buildings spread out over the grounds. The cottages range in size from two to six person occupancies, each cottage with a complete kitchen, fireplace, its own deck often with a spectacular view of either the forest, lake or high alpine peaks. Each cottage has a floor to ceiling glass wall with exposed beam ceilings and as is the case of all the lodge’s buildings, the ceilings and walls are knotty pine paneling. The cottages typically rent by the week in the summer: rates are $1,040 to $2,195 weekly and in the fall they are rented daily at $125 to $330 per night.

Hotel Rooms

The resort operates 8 bed and breakfast rooms in two buildings that have wonderful lake views off each room’s deck. Breakfast is included in the room price. Rooms rent nightly during the season with a two night minimum on weekends, three nights on holiday weekends. As with the cottages, each room has a private shower/bathroom.  Rates range from $120 to $162 nightly.


 

Restaurant

The resort's restaurant is a fine dining establishment with a culinary academy trained chef, serving breakfast, dinner and Sunday champagne brunch. The restaurant seats 28 persons inside and another 28 persons on its deck overlooking the lake. A buffet breakfast is served daily. All cooking is done from scratch and besides nightly specials which change daily, steaks, seafood, rack of lamb, pastas and chicken dishes are served as well as vegetarian specials. The resort serves fine wines and imported beers.