Quaint Idyllwild Inn And Vacation Rentals With Property For Sale

Business description

This fantastic business opportunity presents the aspiring or established inn or hotel operator the chance to live in one of Southern California’s favorite resort areas while taking advantage of all that this bustling arts, crafts and outdoor activity community has to offer. This inn is highly unique in that it is the only lodging option that provides its guests the best of all worlds. It is only minutes to the village center (1 mile) yet it is located in a secluded environment that creates the perfect atmosphere for onsite yoga, meditation, or other activities. Its grounds also allow patrons (as well as the owner, if the reside onsite) to enjoy the inn’s 0.25 mile long trail along Strawberry Creek and hiking options.

The business and property sale includes 5 very well appointed cabin style king or queen suites with fireplaces, and 5 queen studios, all of which have balconies and stellar creek side views. In addition, the property has an onsite 3 bedroom owner’s residence that can also serve as a premium home rental. The house is well appointed with knotty pine paneling, vaulted ceilings, a large kitchen, an en suite master bath, and a community lounge with a separate conference or activities center are also located on the 6.5 acres of pristine outdoor creek side grounds centered around a lovely meadow. In addition, the business boasts exclusive agreements with over 50 privately owned vacation rental cabins, allowing its owners to obtain dominant local market share in both the hotel and home rental business, while achieving significant operational economies of scale in marketing, reservations, and cleaning and maintenance.

On top of being at an epicenter for many of Southern California’s outdoor activities (hiking, mountain biking, etc.), Idyllwild is also known for its bustling arts community. The village boasts a highly acclaimed art / music school for gifted children, or for those seeking their children to be active in these areas. As the inn is located adjacent to the school, this may be the ideal opportunity for parents seeking such a path for their children, or for those who simultaneously seek to pursue related careers.

Property information

Real Estate:

Real Property Included

Location:

The 6.5 acres of property is comprised of 3 separate parcels. The 10 guest rooms (built in 1986) are approximately 3,492 square feet, whereas the home rental or owner’s residence (built in 1951) occupies 1,820 square feet. The guest lounge and activities or conference center is located in a large two floor barn that also has its own kitchen and bathroom.

Size in square feet:

9,968

Other information

Expansion potential:

New owners will likely seek to capitalize on the natural attributes of the inn’s cabins, residence and their grounds. To that end, management may seek to either directly offer, or enter into partnerships with those who could most benefit from the underutilized conference or activities room which is ideal for meetings, conferences, retreats, meditation, yoga, rehabilitation, or the like, or reinvent the inn under a themed or lifestyle oriented concept (a yoga / meditation or artists retreat, a corporate conference center, or return it to a horse ranch, etc.).

While already considered Idyllwild’s ‘high-end’ lodging option, new owners may seek to further upgrade the cabins and amenities to introduce a sense of exclusivity to the facilities, while increasing the Inn’s $134 2010 average rental rate (excluding the onsite home rental, as the owners are using it as a personal residence)! Alternately, as the 2011 occupancy rate was only 57% (fantastic for the community) new management may seek to capitalize on the inn’s points of differentiation and superior customer service and amenities via advertising and promotion offerings to increase volume.

Competition / Market:

Direct competition is considered relatively low as this is the only inn that offers guests the type of atmosphere and seclusion offered here. The Inn’s guest cabins are typically considered to be the most luxurious and private options available in the area.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Retirement