Priced at: $1,500,000

The property is ready for business. The bank paid for a full cleaning of the motel, so the rooms are in rentable condition. They also repainted the manager's unit, installed new fixtures in the bathroom in the manager's unit, and thoroughly cleaned the carpet throughout. This property is in the prime location for South Lake Tahoe and is in the emerging market area. The city is going to create a new convention center, this is probably years in the making due to the economy but the play for this lodge is to cash flow the business and then build a 5 star resort later. This is a major equity play that will be worth multi millions in the future. The property is near Stateline Casinos, Heavenly Ski lift, Lake Tahoe beach and resturants all walking distance. You really could not ask for a better location.