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The Capri and Ambassador Motels are on more than 1.5 acres with a total of 84 units. They are located across from the main entry to the new convention center which is part of the Chateau at Heavenly Village currently under construction and slated for completion in December 2009. Nearly 12 acres, this new $600 million project is managed by RockResorts International LLC, a wholly owned subsidiary of Vail Resorts, Inc. (www.chateauheavenly.com) The Project includes two luxury hotel/condominiums with a total of 488 rooms; a publicly owned multi-purpose meeting/convention facility, a public park/plaza with outdoor seating, fire pits, waterfall and pond; retail space, spa, nightclub, more than 700 underground parking spaces and a pedestrian overpass across Highway 50.
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Overview:
South Lake Tahoe at Stateline
Stateline Avenue and Cedar Avenue
South Lake Tahoe, CA
- 1.5 Acres Ideal for an Upscale, Active Lifestyle, Luxury Development Project
- Located Directly Across from the Main Entry to the New Convention Center which is part of the $600M Chateau at Heavenly Village Project Currently Under Construction. See www.chateauheavenly.com.
- Located Across the Corner from the existing Harvey's Casino
- Located 3 Blocks from Lake Tahoe
- Existing Motels at the Site have 84 Total Units and Provide Positive Cash Flow
- Cooperative City of South Lake Tahoe / South Lake Tahoe Redevelopment Agency
- Adjacent Parcels on Cedar Avenue are also Available. Please Contact Us
- Tours of the Properties can be Arranged
- Asking Price:$7,500,000