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El Ray Garden Inn (San Simeon)

EXECUTIVE SUMMARY
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  • Location: San Simeon on Pacific Coast Highway 1, 90 miles south of Monterey and two miles south of Hearst Castle, one of the nation's most visited tourist attractions.
     
  • Guest rooms: 56 luxurious oversized rooms, all with tub and shower units separate from spacious sink and vanity areas. Each unit is equipped with the latest air compressor assisted toilet. All units newly painted and carpeted ten months ago. All units have new tile entries and bathroom floors. Exterior corridors have new outdoor carpet. Balconies throughout with either ocean or garden views.
     
  • Amenities: Sheltered swimming pool. An extra large Jacuzzi spa surrounded by garden in each building. Outdoor heated, covered breakfast area overlooking pool and spa area in main building. Individual electric heat. Ten king size suites with Jacuzzis and fireplaces. High ceilings, microwave ovens, refrigerators, and wet bars in most rooms. Guest laundry facilities.
     
  • Extras: Huge two bedroom, two bath living quarters. New computer reservation and accounting systems. On premises laundry. New phone system. All new roofs. Ample parking. The on site restaurant is leased for $1,640 per month. Substantial remodeling of kitchen last year.
     
  • Description: The two story main building comprises twenty some rooms, living quarters, interior corridors, and restaurant. Second two story building in horseshoe configuration surrounds garden courtyard. All rooms have glass sliding doors onto semiprivate balconies, some overlooking the gardens.
     
  • Age: Main building approximately 22 years. Second courtyard building approximately 17 years.
     
  • Land: Approximately two acres.
     
  • Asking Price: $4,700,000.
     
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Julian Bills: Broker, DRE # 00532752
cell/tel: (831) 212-4526 -  email@julianbills.com
Page last modified: October 28th, 2002

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