Eureka Inn, Trademark Collection by Wyndham - Eureka, CA
About This Property
- 117 Units
- 4-Story Interior Corridor Hotel
- ALL Offers Encouraged
- Trailing 12 Month Revenue of $2,088,965 Up $346,000 from the Prior Year
- Significant Upside Opportunity - Revenue Increasing Steadily Following Renovations and Still Only at 50% of the RevPAR Index
- Prime Location in Downtown Eureka Adjacent to Shops, Museums, Restaurants, the Pacific Coastline, Redwood National Park, and an Array of Additional Attractions
The Eureka Inn is a 117 room 4-story, interior corridor hotel located in Eureka, CA. The hotel is one of the most well-known properties in northern coastal California and is listed on the national register of historic places. Originally built in 1922, the hotel has a rich history and has hosted many notable guests through the years including Winston Churchill and Ronald Reagan. The history and significance of the hotel are reflected in the grand lobby with its magnificent chandeliers and the meticulously preserved Elizabethan Tudor Revival architecture.
The hotel was reopened by the current owner in 2010 after a period of closure and has seen steady growth since that time through significant renovations and a partnership with Wyndham Hotels and Resorts' Trademark Collection. The hotel has had increases in room revenue each of the last three years and is on pace for increased revenue again in 2024. The hotel is currently performing at only 44% of the competitive set RevPAR which presents significant opportunity for even more growth. The hotel's bar is currently operating 3–4 nights per week, another bar and the main restaurant remain closed and could drive additional revenue if re-opened. As a Historic Building, there are numerous incentives available for investors.
The hotel is conveniently located in downtown Eureka, occupying an entire city block within walking distance of numerous museums, shops, and restaurants. Also, nearby are the campuses of College of the Redwoods and Cal Poly Humboldt. Greater Eureka has a population of over 45,000 residents.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
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- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.