Ambassador Lake Tahoe

4130 Manzanita Ave

58 Room Hotel

South Lake Tahoe, CA 96150. $7,980,000 ($137,896/Room) 10.7% Cap Rate

Marcus and Millichap are pleased to present the Ambassador Lake Tahoe. The hotel has 58 rooms across 2 stories with a Gross Building Area (GBA) of 22,794 square feet. Each typical floor covers 11,397 square feet, and the primary corridors are exterior.
The Ambassador hotel has gone through extensive renovations starting in 2022. The renovations breathe new life into the property, enhancing its appeal and functionality for future guests and patrons. List of Capital Improvements that are completed: New Roof, New Windows, New interior walls and ceiling finish and paint, New flooring, New interior lighting, New Bathrooms, New entry doors, New Card key locks, New Boilers and radiant heating, New Phone system, New Fiber Optic internet and Cable service, Complete new furniture and bedding.
South Lake Tahoe is the most populous city in El Dorado County, California, United States, in the Sierra Nevada mountains. The city’s population was 21,330 at the 2020 census, down from 21,403 at the 2010 census. The city, along the southern edge of Lake Tahoe, extends about 5 miles west southwest along U.S. Route 50, also known as Lake Tahoe Boulevard. The east end of the city, on the California–Nevada state line right next to the town of Stateline, Nevada, is mainly geared towards tourism, restaurants, hotels, and Heavenly Mountain Resort with the Nevada casinos just across the state line in Stateline.