Click Here for Offering Memorandum: https://allredhotelgroup.com/?propertyId=AvalonCAHotelMacRae
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Marcus & Millichap has been chosen to exclusively market for sale the Hotel Mac Rae, a 24-room beachfront hotel located in Avalon on California's Santa Catalina Island. The historic hotel was built in 1920 by the Mac Rae family and features newly updated guest rooms. The property benefits from additional income from its onsite shops, as well as its location in an extremely high barrier to entry market.
Hotel Mac Rae is ideally situated on Crescent Avenue, Avalon's main thoroughfare that runs along the beach. Crescent Avenue is also home to Metropole Market Place shopping mall, restaurants and small shops. The hotel is located adjacent to the Green Pleasure Pier and within 2 miles of the Catalina Island Museum, Catalina Island Golf Course, Catalina Casino & Avalon Theatre, Descanso Beach Club, Wrigley Memorial and more. Catalina Island is located off of California's coast near both Los Angeles and Orange County markets. Travel time to-and-from the island is minimal via a 15-minute helicopter flight or a 1-hour boat ride.
Hotel Mac Rae represents the opportunity to acquire a trophy asset in a tourism-dense market near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing demand growth in the region.
The name 'Hotel Mac Rae' is not a part of the offering and the buyer must rename the hotel at closing. A savvy investor might use this opportunity to upbrand the hotel and remarket it as a boutique hotel just steps from the popular Avalon beach.

 

 Gordon Allred