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.
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.
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.
Owner wishes to pursue other interests.
Cash, new loan, SBA, 1031 Exchange.