4130 Manzanita Ave, South Lake Tahoe, CA 96150

Ambassador Lake Tahoe

4130 Manzanita Ave

58 Room Hotel

South Lake Tahoe, CA 96150. $7,998,000 ($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.