Ocean-Front Hotel with Restaurant & Bar in Los Angeles, CA

This is an ocean-front hotel located in Los Angeles, CA. Built in 2007 and opened in 2008, the property features 55 rooms, a full-service kitchen, restaurant, and bar. An attached 8,000 sq ft building offers potential for conversion into 5,000 sq ft of meeting space and a 3,000 sq ft fitness center. The hotel sits on over 2 acres and includes a few suites. It is well-positioned for an upgrade to a higher-level brand with a low PIP. The hotel re-opened in Summer 2023 post-Covid with new branding and management in place, making it ideal for a new investor. The property is fee simple and offers are welcomed. The target price is $4.75 million.