Boutique Central Coast Hotel & Wedding Venue with Multi-Family Zoning

Historic American style boutique hotel on one acre. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating incremental revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on ½ acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. Location: Nipomo, California Year Established: 1985 Number of Employees: 2 Home Based: Yes Real Estate: Owned Building Sq. Ft.: 4,800 Facilities: Boutique hotel and weddings business including all furnishings, fixtures, equipment and marketing related to ongoing operations of the business. Website: www.KaleidoscopeInn.com Market Outlook/ Competition: Very little direct competition in company's immediate geographic market. Growth & Expansion: Business is located directly in the path of extensive commercial progress.