Listed by EverlyGrove Hotel Brokers
$4,600,000
Hotel Avanti
Details
APN 119-086-005
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 6,000
Keys 27
Pro-Forma Cap Rate 8.90%
Pro-Forma NOI $410,614
Year Built 1953
Year Renovated 2025
Buildings 1
Stories 2
Lot Size (SqFt) 22,500
A Prime Investment in Santa Maria’s Thriving Hospitality Market
Marketing description
Everlygrove Hotel Brokers is pleased to present the opportunity to acquire Hotel Avanti, a newly renovated hospitality asset in Santa Maria, CA. Positioned along the bustling Broadway corridor in Santa Barbara County, this 27-key, 6,000-square-foot hotel sits on a 22,500-square-foot lot. The property benefits from recent renovations in 2024, modern amenities, and a prime location with convenient access to local attractions.
The offering also includes a separate parcel of land located next to the hotel, providing additional flexibility and potential for future development. Overall, investment profile and long-term upside of Hotel Avanti.
Listing Contacts
Listed by EverlyGrove Hotel Brokers
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