The Butterfly Garden Inn

Sedona, Arizona
www.thebutterflygardeninn.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
18
Baths
18
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$6,500,000

Occupancy Rate
57%
Average Daily Rate
$177
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

This historic landmark resort in the heart of Oak Creek Canyon was built between 1925-1945 by Don Hoel, one of the pioneers of Sedona. Sedona was named the most beautiful place in America by USA Today.


Property Description

The entire resort has been renovated and rezoned to resort-commercial with a fully operating market and cafe serving breakfast and lunch. It is profitable with a Cap Rate of 8% this year. The resort has 18 cabins, 4 employee cabins, a residence, a market/cafe, lobby building, dining hall/kitchen.


Business Description

Income is derived from two sources: 18 cabin sales plus a fully operating market/cafe. Approved plans for 5 more cabins and a new owner's residence. Although next to the creek, all buildings are out of the floodplain.


Reason for Selling

Owner wishes to pursue other interests.


Terms & Asking Price

Cash, new loan, SBA, 1031 Exchange.