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Rodeway Inn


LOCATED IN CRESCENT CITY - ONE OF THE LAST FEW AFFORDABLE COASTAL AREAS OF CALIFORNIA

The Rodeway Inn is located in Crescent City in the northwest corner of California. Crescent City is one of the last affordable coastal cities of California. It is the county seat of Del Norte County which is adjacent to the Oregon border. In the 2010 census Del Norte County had a population of 28,610. Crescent City had a population of 7,643 in the 2010 census up from 4,006 in the 2000 census. Crescent City is the site of the Redwood National Park headquarters as well as the historic Battery Point Light. Crescent City Harbor serves as the home port for a variety of salmon, shrimp, tuna, cod and Dungeness crab commercial fishing vessels. The Harbor is also home to numerous fishing and non-fishing related businesses as well as numerous government offices. Pelican Bay State Prison is also located in Crescent City. Del Norte Coast Redwoods Park, Jedidiah Smith Redwoods State Park and other redwood forest related parks are nearby. Crescent City has a Mediterranean climate and is one of the wetter places in California with average annual rainfall of 67 inches.

There is a lot of upside to the Rodeway Inn. The owners have recently replaced all of the the red tile roofing and made other upgrades for over $40,000. The December 2015 STR Report shows the RevPAR is 74.4% of its competitive set for the trailing 12 months. The Rodeway Inn is profitable and we can assist you with acquisition financing. Please let us know if you would like to tour the Rodeway Inn and we will make all the arrangements for you.


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Overview:


Rodeway Inn


725 U.S. Highway 101 North
Crescent City, CA 95531



  • Crescent City is located on the Northern California coast 20 miles south of the Oregon border
  • 51 rooms, 2 buildings, 1 story with exterior corridors on 1.3 (+/-) acres
  • Excellent location on U.S. Hwy 101 at the intersection of busy Northcrest Drive
  • Trailing 12 month room revenue to Jun 2016 is $512,301 with occupancy of 40.8% and an ADR of $52.79
  • 2015 Net Operating Income was $171,130 on $555,184 of room revenue

    • Asking Price:  
      $1,750,000



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