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Travelodge (Fort Bragg)

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  • Location: Coast Highway 1, two hours North of San Francisco in Fort Bragg, five miles north of picturesque and historic Mendocino. The hotel is on the main street in town with restaurants, antique shops, and all other services within walking distance. Fort Bragg, historically one of the largest lumber milling towns on the California Coast is now a center for tourism and the historic steam train that carries tourists from Willits through the giant redwoods in the Mendocino forest to and from Fort Bragg. It is a coastal retreat for people from the Sacramento area with the bonus of it's proximity to the Anderson and Alexander Valley wineries.
  • Guest rooms: There are 47 hotel units and two two bedroom apartments: thirteen kings, five queens, seven double queen suites, one king and queen suite, and eighteen double double units. All rooms have new Amana ultra quiet aircon/heating systems.
  • Amenities: All rooms have microwave/refrigerators, irons, ironing boards, fresh paint and new drapes, high-speed cable and wifi access, telephones (Mitel SX 50), computerized reservation system. A completely new continental breakfast area is located in the lobby. The hotel was substantially remodeled upon becoming a Travelodge in 2007.
  • Description: Two two-story frame/stucco buildings, one single story building, and the office, living quarters and restaurant (leased) comprise a fourth two story building.
  • Land: Approximately 1.5 acres. Fee simple.
  • Asking Price: $2,160,000
  • Additional income: The restaurant is leased at $1,600 per month from Nov. thru April and $1,900 May thru Oct. Tenant has been there since 2001.
  • Cost Reducer: New (2006) Two Unimac washers/dryers, large laundry.
  • POTENTIAL: The Travelodge franchise has increased income and continues to do so with income projected realistically in 2009 to be $525,000

Julian Bills: Broker, DRE # 00532752
cell/tel: (831) 212-4526 -  email@julianbills.com
Page last modified: December 28th, 2008

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